Corporate financial reporting

Corporate Financial Reporting

1. CORPORATE FINANCIAL REPORTING PRESENTED TO: Ms. ANISHU MAM PRESENTED BY: KAJAL 17193148

2. Corporate financial reporting is not only to show the financial statements of corporate but it includes to highlight important financial data and to show the application of financial policy. INTRODUCTION A good financial reporting will show financial position of company. Company can save from hidden losses if its accountant highlights critical points in it. In this way it is helpful tool to investors for better decision making.

3. Corporate financial reporting is the system of making corporate financial reports. These financial reports are: INCOME STATEMENT BALANCESHEET CASHFLOW STATEMENT STATEMENT OF RETAINED EARNING FINANCIAL POLICIES EXPLANATION It can be shown : At the end of the month At the end of each quarter At the and of year MEANING

4. According to International Accounting Standard Board (IASB) . The objectives of Financial Reporting is to provide information about the financial position, performance & changes in financial position of an enterprise that is useful to a wide range of making economic decisions. The following are the objectives and purpose of financial Reporting: Providing information to the management Providing information to the investors Providing information to various stakeholders Providing information about economic resources Enhancing social welfare OBJECTIVES