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“One of the characteristics of financial statements is neutrality”- Do you agree with this statement?

MBA Finance Accounting Auditing Internal Audit Finance
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Question added by Abdul Khalique , Finance Manager , Value Real Estate & Construction
Date Posted: 2016/03/13
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Gayathri Jayalal
by Gayathri Jayalal , Credit Risk , Burgan Bank

Financial Statements show the financial position of the Company. Financial Statement such as  balance sheet depicts position of assets of the company strong enough to cover its liabilities. Thus, Neutrality is a Characteristic of Financial Statements.

Deleted user
by Deleted user

Agree. Financial statements should be unbiased to protect stakeholders as shareholders, creditors, employees, regulatory agencies....etc & to Protect the public.

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