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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1337 |
Essay's paper body
Marshall, McManus, and Viele (2003) stated, "Decision makers cannot truly comprehend financial statement data without understanding the concepts and principles that relate to the entire financial accounting process. It is also important for users to understand that these concepts and principles are broad in nature"...
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Marshall, McManus, and Viele (2003) stated, "Decision makers cannot truly comprehend financial statement data without understanding the concepts and principles that relate to the entire financial accounting process. It is also important for users to understand that these concepts and principles are broad in nature"...
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The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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