n the current financial environment, what characteristic of accounting date (timeliness, completeness, accuracy) do you feel is the most important for external inves
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In the current financial environment, what characteristic of accounting date (timeliness, completeness, accuracy) do you feel is the most important for external investors
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- In your opinion, what is the most important statement in the financial statements that a financial analyst will use as the reference in assessing the company’s assets and liabilities? Justify your opinion with reason/s.what does it mean by " The material information would be provided to the prospective investors in the presence of financial statements"?Who Uses Financial Reporting and Analysis?
- Discuss the techniques used by investors and managers to analyze financial statements?What is meant by generally accepted accounting principles,and how do these principles add to the integrity of financialaccounting information?Questions ? 1. What assumptions are made in financial reporting 2. What are characteristics that make financial statements useful to its users ? 3. What are the constraints faced in providing useful information ?
- Which of the following is a major challenge facing the accounting profession? O A. Accounting for hard assets O B. Backward-looking information O. Financial measurements O D. TimelinessExplain the importance of financial accounting information for external parties—primarilyinvestors and creditors—in terms of the objectives and the characteristics of that information.