Question: Do the 4 main financial statements (in combination) paint a complete financial picture for an organization? What else may be important? Yes, I do think
Do the 4 main financial statements (in combination) paint a complete financial picture for an organization? What else may be important?
Yes, I do think that the four main financial statements in conjunction with each other will paint a complete financial picture of an organization. What else may be important are operating indicators. According to our textbook, operating indicators are to be used in addition to the ratio analysis information found in the financial statements. Operating indicator information is not usually found on the financial statements, but it should be readily available on a variety of reports used by management (Nowicki, 2017).
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