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? why the people needed the financial information

people needed the financial information for many reason

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Question ajoutée par ahmed hamed , مدير حسابات , شركة الهباس للتجارة والنقل والمقاولات
Date de publication: 2019/09/25
Frederic leolin joseph  Priso kalla
par Frederic leolin joseph Priso kalla , waiter , St james hotel and le fourquet restaurant Cameroon

To change something innhis life

They needed the financial information for analysing the financial status and thereby developing their firm as per the status of finance

Rowena Sabado
par Rowena Sabado , Senior Accountant , Rethink ME Ltd

Financial information helps the business owners and investors take key decision be it on capital, sales and marketing strategy, cost efficiency, headcount and continuity.

Amith c
par Amith c , project engineer mechanical , Chempro Expertise Pvt. Ltd

The main purpose of financial statements is to provide information about the current financial status of an organisation. It helps to make decisions regarding the allocation of next resources.

majd mahdi
par majd mahdi , Teller , American university of Beirut Medical Hospital

The need of financial information is based on the necessity to analyse the current financial status to help understand ones's stucture and helps to set startegies and make better work decisions and goal prosses

saleha malik
par saleha malik , admin and finance manager , Nexus Technologies & Gerry's FedEx & ZIMS Security

For any business and for the people who run it, the importance of accurate financial Infromation cannot be underestimated. Some of the most important financial statements that are imperative for an organization of any scale are: Income Statement, Balance Sheet, Statement of Stockholders’ Equity,  Cash Flow Statement and Statement of Comprehensive Income. The numbers revealed through these financial statements play an immense role in making decisions, planning strategies, determining success, estimating failures, and telling the world the story of the company.

junaid karadan
par junaid karadan , Finance Manager , Al Osool Group of Companies

financial information will be help the management to evaluate and analyse the financial conditions and the operating progress of the firm. It also help to take better decisions by the top management and owners.

Walid Sobhy
par Walid Sobhy , Supply Chain Consultant , Trade Solutions Co.

Financial information is the important sources of information to all the users of accounting information management, owners, debtors, creditors, employees, government agencies, financial analysts and evaluates the org. performance. 

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Ibrahim Cheikhabdou
par Ibrahim Cheikhabdou , Controller , Bearing Bronze Ltd

Based on who would be using the financial satatements, for insance

Board of director to assess the management performance and determine the compensation

Creditors: to assess company's ability to repay principle amount and interest associated withy loan

Tax departments: income tax 

Government : compliance with regulations, and laws

Potentienal Investors: to value a company

Victor Caloza
par Victor Caloza , Specialist , Philippine Chamber of Commerce & Industry

People needed to know the financial information of the company for the reason that the company has a capacity to sustain their business.

Nipon Sarker
par Nipon Sarker , Credit Officer , The Premier Bank Limited

People need financial information to take their financial decision based on that to avoid uncertainties and difficulties

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