ACC211_M1Case - A The objective of financial reporting is...

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A.) The objective of financial reporting is to present users with a financial view of the company. This allows users to assess the performance of a company in order to make decisions and execute plans to resolve any issues or to grow the company (Purpose of Financial Statements). B.) Another means of communicating information would be the use of graphs. These are a great way to evaluate a company’s performance. It can show side by side past and present performance, as well as, show future goals and predictions to help make decisions (What do graphs do for us in the business world?). C.) Three of the top users would be managers, investors, and financial institutions. Managers will use the information provided in financial statement to make future decisions about the company. Manager would be concerned with all information because they are the ones responsible for following through with a plan of action to resolve any issues and or stimulate growth within the
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