Assume you are a financial manager with a U S corporation A Suliman is a recently employed manager in the Middle Eastern division of your corporation and a visitor to the United States He has little familiarity with financial reporting practices in the United States Your boss has given you the resp...

An example report follows THE PURPOSE OF FINANCIAL STATEMENTS Report for A Suliman Corporations in the United States provide four primary financial st ...

Assume you are a financial manager with a U.S. corporation. A. Suliman is a recently employed manager

Question:

Assume you are a financial manager with a U.S. A. Suliman is a recently employed manager in the Middle Eastern division of your and a visitor to the United States. He has little familiarity with financial reporting practices in the United States. Your boss has given you the responsibility of explaining financial reports to Mr. Suliman.

Required
Write a short report describing each of the four basic corporate for Suliman. Make sure you are clear about the purpose of each statement, its contents, and its relationships to the other Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...