Multiple Choice section of Adventis Certification level 1 with Complete Solutions | Already Passed| Verified

What are the three financial statements, and what do they do - income statement, balance sheet, cf statement they communicate the finanical conditions, results of operations, and other activties of an organization. The three finanical statements provide info to various stakeholders. How does the board of directors use finanical statements? - to hold mgmt acountable, make board- level decisions about corporate strategy company mgmt-- how do they use fina statements? - to measure performance and make strategic, operating and financial decisions Creditors- how do they use fina statements - to measure credit worthiness, liqudity, and bankruptcy risk investors-- how do they use fina statements? - to make decisions on buying or selling equity investments acquirers-- how do they use fina statements? - to determine valuation and make investment decisions