In recent years the financial reporting function has come under challenge with many arguing that the major financial reports do not contain some of the key information that users require in order to make more informed decisions about a business. Discuss the above statement. Your answer could include a critical evaluation of the form and content of current financial reports and consideration of any additional information that could be included in financial reports to enhance decision making.

Answer rating: 100% (QA)

Financial reporting refers to standard practices to give stakeholders an accurate depiction of a companys finances including their revenues expenses p... View the full answer