4
Financial Statements of Companies
CHAPTER OBJECTIVES
This chapter will help the readers to:
- Get an overview of financial statements of companies.
- Develop understanding of Ind AS 1 relating to presentation of information in financial statements.
- Appreciate objectives and interrelationship between various financial statements.
4.1 INTRODUCTION
The accounting cycle, leading to the preparation of financial statements as discussed in Chapter 3, is followed by all accounting entities. However, companies are subject to much higher requirements of disclosure. Obviously, they use vast societal resources, and therefore, many stakeholders are interested in their financial performance and health. Disclosures in financial statements of companies ...
Get Financial Accounting for Managers, 3e now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
