Financial Statement uze financial data documents a company publishes on an Annual, biannual, quarterly on monthly basis. These Druments includes the company's net worth based on anets & liabilities, as well as the Company's expenses, earnings and operational budget. Financial planners senior executives and accountants may use financial Statement to make decisives negarding future planning, expensions and product launches, but there. are disadvantage. to using this method Pros Reporting of financial statement are an efficient, Convenient way of communicating importent information. They can be wed as tools for measuring ferogress, monitoring growth, tracking problems, evaluating performance and finding solution. Cors creating and Distributing a nepaxt unfortunately Comes with a few drawbacks. Unlike delivering news on information in a face to face meetma ay presentation, the business report does not provide the reader with the opportunity to ask questions on give feedback. It is not interactive, and it can also be open to mis interpretation and misunder Standing. Also, who ever is creating the report can produce biased messaging potentially providing people with potentially misleading Always check the source before drawing your own information of a report conclusiones o Presentation of financial statements M different form sometimes mislead the reader or some time slader does not understand the Amancial sebent properlly Dillerence in the way timoncial Statements are presented is that some Company follow GAAP X Generally accepted Accounting blietes principles and some Company follow IFRS international Financial Reporting standard). Dilberence arises because it is required by hour for tax purpere Financial reporting and analysis gine lyveston Creditor and other businesses an idea of the financial integrity and creditworthiness of the company. some Company use GAAP some use IFRS as both method of reporting give different Accounting procedure or treatment which will We cleardy Understand by the farvester: the reader of the report the method of reporting invest in the Company. does not understand and does not want to