"The Importance of Financial Statements"Please respond to the following:

• Public companies are required to publish annual financial statements. Suggest the major benefits of companies making financial statement information available to employees. As an employee, discuss what financial information would be of value to you. Provide at least two (2) specific examples on why the information is important.
• Brieflyexplaingenerallyacceptedaccountingprinciples(GAAP),anddescribewhyitisimportantthatpubliccompaniesfollowGAAPwhenpreparingfinancialstatements.Also,giveyouropiniononwhetherprivatecompaniesshouldberequiredtofollowGAAP.Providearationaleforyouropinion

thanks,