View the step-by-step solution to:

You and a friend, who is not an accounting major, are watching the news when they announce that Amazon.com, Inc.

You and a friend, who is not an accounting major, are watching the news when they announce that Amazon.com, Inc. has just released their earnings report, including all four primary financial statements. Your friend knows that you are well versed in financial reporting and the usefulness of accounting information and asks you, "Why is this news?"  What are the objectives of financial reporting. Include an explanation of who might care about this news and why. Remember to explain these things in such a way that a non-accounting major would understand.

Top Answer

Financial report is very important, as it provide the financial health of an organization. In addition, the performance of an... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online