How Does Society Benefit From The Financial Reporting?


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Financial reporting is a process through which the financial activities of the firm are reported internally and externally. The society benefits immensely from this process. Since it provides information about the financial strength, performance and comparisons of financial changes in a firm, it is useful to the society as a whole and specific users such as managers, investors etc for making economic decisions. For more details on the topic, see the link below;

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