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Financial statements are prepared: >?

<p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>A)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> Only for publicly owned business organizations.</p> <p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>B)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> For corporations, but not for sole proprietorships or partnerships.</p> <p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>C)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> Primarily for the benefit of persons outside of the business organization.</p> <p>  <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="40" height="1" /><strong>D)</strong><img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="10" height="1" /> In either monetary or nonmonetary terms, depending upon the need of the decision maker. <img style="float:left;" src="http://highered.mheducation.com/olcweb/styles/shared/spacer.gif" alt="" width="1" height="10" /></p>

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تم إضافة السؤال من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
تاريخ النشر: 2014/10/22
Ahmad Alzaghal
من قبل Ahmad Alzaghal , accountant ( Bills auditor ) , The Coca Cola Bottling Co. Of Jordan

Rahmat Ullah Khan
من قبل Rahmat Ullah Khan , Administrative Asst , Trojan Holding

In either monetary or nonmonetary terms, depending upon the need of the decision maker.

Mudassar Aziz
من قبل Mudassar Aziz , Finance officer , HBL Pakistan

Financial statements are prepared for the investers of the firm and for those who are interested in investment in the firm and also for the purpose of the audit...

OWAIS QAZI
من قبل OWAIS QAZI , Accounts & Finance Manager , Skyhigh Industries (Pvt) Ltd.

Financial Statements are prepared in order to get the true picture and position of a business entity in terms of monetary. It's prepared for stack holders of the business whether internal or external. And it helps in business financial forecasting, budgeting and offcourse decision making.

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

The Answer D

Malik Khalid Mahmood
من قبل Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

D, in these days, even the house keeper is looking for the financial statements to be finalized and their wwp to be disbursed.  Its for every one.

Uzair Ilyas Razzaqui - ACPA
من قبل Uzair Ilyas Razzaqui - ACPA , Deputy Manager Internal Audit , International Steels Limited

Financial Statements are prepared for both internal and external usage. It is compulsory for all public limited companies as they have stake holders, but for sole proprietors it is optional.

MUHAMMAD GAUHER ALI
من قبل MUHAMMAD GAUHER ALI , ASSISTANT MANAGER ACCOUNTS , M.A.J.FOOD DISTRIBUTION EST.(GANDOUR)

FINANCIAL STATEMENTS ARE MAINLY PREPARED FOR EXTERNAL USERS FOR INVESTOR AND BANKESRS TO GET THE KNOWLEDGE ABOUT THE WORTH OF THE COMPANY

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Financial Statements are mainly for Evaluating the Company Financial Position(Internal Use), as well as Wining the Stakeholders trust  (External Use). 

the Options Given represent only One Aspect i.e for Public Interest

ANVER SHAHAS KV
من قبل ANVER SHAHAS KV , Group Accountant , Coolwell AC

Financial statements are prepared irrespective of nature or type of organizations. Because It helps a great deal in understanding current financial position of an organization and serves as a key input for all future management decisions. Anyhow it is not compulsory for all organizations to prepare their financial statements while it is compulsory for some specific  kinds of organization who has to undergo statutory external audit.

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