100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Post#2: What is the purpose of Financial statements (internally & externally)? How is it l $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Axia University Of Phoenix
  4.  
  5. ACC 290

Summary

Summary Post#2: What is the purpose of Financial statements (internally & externally)? How is it l
 0 view  0 purchase

PostPost#2: What is the purpose of Financial statements (internally & externally)? How is it linked to the other reports?Answer & ExplanationFinancial statements serve several purposes both internally and externally, and they are closely linked to other reports within an organization. Here's a deta...

[Show more]

Preview 1 out of 3  pages

Document information

  • October 6, 2024
  • 3
  • 2024/2025
  • Summary

Subjects

  • budgeting
  • postpost2 what is the purpose of financial state
  • and they are closely linked to other reports with
  • and decision making2performance evaluation the

Written for

All documents for this subject (144)

Seller

avatar-seller
newage

Reviews received

Content preview

Post#2: What is the purpose of Financial statements (internally & externally)?

How is it linked to the other reports?




Answer & Explanation


Financial statements serve several purposes both internally and externally, and

they are closely linked to other reports within an organization. Here's a detailed

explanation:


Internal Purposes:


1. Decision Making: Financial statements provide management with critical

information needed for strategic planning, budgeting, and decision-

making.


2. Performance Evaluation: They help in assessing the company's

performance over a specific period by comparing actual results against

budgets or forecasts.


3. Resource Allocation: Management uses these statements to allocate

resources efficiently across different departments or projects.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77824 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart