You are the lead accountant for a major corporation and have been asked to research and present to upper level management on the difference in various financial statements. Your main focus is on the financial statements of a corporation. Provide a proposal that describes the following:

1. What kind of information would be found on corporate financial statements?

2. Explain how the users of these statements (i.e., investors, creditors, or government agencies) could use the information to help make better informed decisions.

3. What are the differences between corporate financial statements and noncorporate financial statements?

Include 1-3 cited references to support the information that you plan to provide.