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The corporate financial statements are nothing but the financial reports of the financial activities and business activities of an organization. If you are given assignment on this topic and finding it challenging to complete without guidance then corporate financial statements assignment help is the solution.
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Corporate financial statements
Financial reporting or preparation of corporate financial statements is the method used to understand a company’s financial performance in the market and this information is used by investors and stake holders. The need of financial reporting is to provide information on any changes in company’s performance and financial position which can be used to make operating and financial decisions. It is prepared by expert professionals who make the reports using information from the company’s financial statements.
These reports are presented to top management and used as an important tool for decision making. On the basis of the reports, management is able to make any of the following decisions
1) The company will operate fully or discontinue part of its business interest.
2) Equipment or accessory required for the business shall be rented, taken on lease or purchased.
3) Decisions regarding investments or lending capital
4) To increase the working capital or to apply for a bank loan.
5) Prepare or purchase certain materials to manufacture its product.
Financial statements help corporate to make informed decision regarding its overall operation. It is presented monthly, quarterly or yearly on the basis of requirement and is presented to general public and company’s share holder. It includes three financial accounting statements.
1) Statement of income: It informs about the net profit which a company has made during the financial quarter. Formula to calculate net profit is revenue minus expenses incurred.
2) Statement of cash flow: It shows the amount of cash which has come and gone from the company’s financial sheet. It consists of operating activities, financial activities and investing activities.
3) Balance sheet: It informs the amount of assets and liabilities remaining along with the owner’s equity and is the final move to prepare the financial report.
The main motive of preparing the financial statements is profitability, solvency, liquidity and stability. To get the detailed description, you can submit your assignment to us at corporate financial statements assignment help. Our expert will complete your assignment in a way you can understand easily.
To understand any subject; it’s necessary to show interest in the subject matter, which is possible if one is well acquainted with the concepts. Not only this, corporate financial statements assignment needs your time and patience because it is difficult to understand the underlying concept. The reason is the broad area that it covers. This is why we offer our corporate financial statements assignment help services to ease your burden and save your time.
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