Question: 1. Financial reporting is an essential entity for every business - Justify this statement and prepare an all-inclusive report (500 words) comprising of: - What

1. "Financial reporting is an essential entity for every business" -

1. "Financial reporting is an essential entity for every business" - Justify this statement and prepare an all-inclusive report (500 words) comprising of: - What constitutes Financial reporting? - Concepts of Financial reporting. - Importance of Financial reporting to the users of the same. - Differentiate between the cash and fund flow statements

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