Submitted by Joseph0712 on July 19, 2008

• Category: Business
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Intro To Accounting

Who are the audiences, purposes, and natures of financial statements and managerial reports?
Financial statements are meant for the review of shareholders and potential investors for investment analysis purposes. According to Richard Loth (n.d.), “a company's financial statements are the basis of analyzing the investment value of a stock,� and as a result, these documents are a vital part of making informed business decisions.
Since financial statements are prepared for the purpose of informing the public of a company’s financial status, they can be crucial to the company’s future. As an example, if a company’s financial statements, upon analysis, show large...

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