The Importance of Shareholders to Financial Reports

1. Introduction Atrill and McLaney (2008), Elliott and Elliott (2012) consider that the monetary report consists of written documents that pop the question sure information about the caller-out. Such as the fiscal situation, avocation performance, property movement and development prospects. The company publishes their monetary coverage seasonally, biannually or annually. As a function of business enterprise analysis, the financial describe provides the public with a companys business information. When it comes to stakeholders of companies, they are who have the occupy in the company, and pass on affected by the companys decisions and activities. In addition, they are the main users of financial reportage and they testament ask for varied information from financial describe since they are in divergent positions and have different aims. Consequently, administration to various kinds of stakeholders, financial reporting seems extremely difficult to apply all of their requirements. The purpose of this act is to analyze whether the one-size-fits-all approach of financial reporting suitable to satisfy the varying information involve of the different stakeholders. The essay includes triosome parts.

The first part is to depict the definition and general founding of financial reporting, while the definition of stakeholders and their requirements will be mentioned in the second part. The last part is to give reasons to demonstrate how stakeholders commode obtain information about companies through and through the financial reporting and whether it is the same important to every stakeholder. 2. literary works Review Financial reporting is not an independent report. It includes ma! ny averments and contents. Atrill and McLaney (2011), Ferries, Haskins, and Selling (1996) state three major statements are consisted of financial reporting. They are the balance statement, the income statement (also called the profit and loss statement) and the cash flow statement. While Clark, Cathey and Schroede (2009:578)...If you motivation to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay