Financial users have to be satisfied with the information stated inside financial statements as this affect the user needs from both directions inside and outside the firm., leading to a proper method
Current Status
“In trying to meet the requirements of the users of financial statements, instruments like presentations as well as disclosure are being used to communicate performance and financial position of an entity” (Choy, 2014) Financial report disclose portray and communicates important information that are not reflected or captured in financial statements. These disclosure can be accepted generally by accounting principles or voluntary management decisions which do have an effect on internal and external user behaviours.
Problem or Opportunity
“In trying to meet the requirements of the users of financial statements, instruments like presentations as well as disclosure are being used to communicate performance and financial position of an entity” (Choy, 2014) Financial report disclose portray and communicates important information that are not reflected or captured in financial statements. These disclosure can be accepted generally by accounting principles or voluntary management decisions which do have an effect on internal and external user behaviors.
Solution (product or service)
“In trying to meet the requirements of the users of financial statements, instruments like presentations as well as disclosure are being used to communicate performance and financial position of an entity” (Choy, 2014) Financial report disclose portray and communicates important information that are not reflected or captured in financial statements. These disclosures can be accepted generally by accounting principles or voluntary management decisions which do have an effect on internal and external user behaviours.
Business model
“In trying to meet the requirements of the users of financial statements, instruments like presentations as well as disclosure are being used to communicate performance and financial position of an entity” (Choy, 2014) Financial report disclose portray and communicates important information that are not reflected or captured in financial statements. These disclosure can be accepted generally by accounting principles or voluntary management decisions which do have an effect on internal and external user behaviours.
