Question
Companies provide the notes of the financial statement with each reporting package because they help explain why the company is reporting specific numbers in their
Companies provide the notes of the financial statement with each reporting package because they help explain why the company is reporting specific numbers in their reports. These notes also connect financial reporting to specific accounting rules and standards which is why some analysts encourage you to read the notes first before reviewing the financial reports. As a user of financial information, what misinterpretation problems could you avoid by following these analysts' advice about reading the notes first? How does this help you think differently about the financial statements?
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