FINANCIAL REPORTING IN TERMS OF MODERN BUSINESS
DOI:
https://doi.org/10.5937/Keywords:
Financial reporting, financial information, financial statements, external audit, decisions, managementAbstract
In the modern business environment, the market has a fair rules that evaluates the performance of the business activities of each participant, as well as an objective tool to not forgive anyone the wrong made business decisions. Each wrong made business decision comes at a price, which is the most expensive on the market wage. In order to avoid such inconveniences management must be based on quality, reliable informations. Important place in the context of information by belonging information contained in the financial statements, which are very large information potential, for many users. For objectivity and veracity of information by significant role external - independent audit.
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