What does the process of providing this information to external users is called? Describe about it in detail.
What does the process of providing this information to external users is called? Describe about it in detail.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What does the process of providing this information to external users is called? Describe about it in detail.
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Step 1
Financial Reporting System:
It refers to monitoring the financial resources of an organization as the financial information of the organization is reported in the Financial Reporting System. Since the information depicts the business performance for the period, it is required by external users.
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