Adventis Training Level 1 Exam | Questions with Answers | Already Passed

financial statement reports - ans income statement, balance sheet, cash flow statement what do financial statements communicate - ans - financial condition - results of operations - various other activities of an organization Financial Statement do for stakeholders - ans provide large amount of information that enable them to make decisions board of directors using financial data - ans hold management accountable and make board-level decision about corporate strategy company management using financial data - ans measure performance and make strategic, operating and financial decisions creditors using financial data - ans measure creditworthiness, liquidity and bankruptcy risk investors using financial data - ans make decisions on buying or selling equity investments acquirers using financial data - ans determine valuation and make investment decisions