Financial Recording and Reporting
Added on 2020-07-23
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FINANCIAL REPORTING
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1PART 2............................................................................................................................................3CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6
INTRODUCTIONFinancial reporting is an approach to express monetary performance of a company onwhich further decisions are made regarding business operations. The present report is based onunderstanding significance of integrated reporting framework for M&S and stakeholders' role indecision-making process. Likewise, comparison between principle and rule based accountingstandards are to be discussed for Kitchen. In this regard, appropriate decision making tools willbe introduced for the entity's planning regarding purchasing a company of US. PART 1Type of information SCF providesDifferent information related to financial performance of the entity are analysed in termsof connecting collaboration users (Bakand, Hayes and Dechsakulthorn, 2014). However,economic position of the organisation is analysed for preparing planning as reducing expensesand increasing sales revenue. Therefore, information in relation to SCF and balancing businessoperations are for maintaining cash flow and improving financial performance of company.Implications of predictive valueIt refers to probability for meeting targets of achieving entity's effectiveness and growth.It has two aspects; i.e. positive and negative. Like; assumptions and estimations on businessoperations may fail to achieve entity's targets (Bartram, Brown and Waller, 2016). However, itis challenging and risky for assuming organisation's position and decision making for thefurther years.Role of shareholders decision making on financial informationShareholders play a crucial role in decision making regarding improving economicperformance of the entity and balancing cost incurred in business operations (Battiston andet.al., 2016). In accordance with this, variety of ideas are generated for reducing expenses andenhancing sales revenue of company. However, number of shares can be increased whichimpacts on company's profile positively.Types of cash flow from operationsCash flow is a financial statement which demonstrates the balance of cost incurred inbusiness operations. It put a direct impact on production and distribution system of the
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