Perspective

  In Buisness provides financial statement to know about buisness cycle. Each group uses accounting information differently, and requires the information to be presented differently. Generally, There are two part who use Financial Statement. It's from External and Internal part. From Internal. It means Internal users refer to People who use accounting information in making decisions related to the company's operations.  For instance: Owner (I) small or big business owners need financial information to determine if the business is profitable and whether to continue, improve or drop it. Management of the Company (I) The management of the company is the first and foremost user of the financial statements. Although they are the ones who prepare the financial statements, the board and the management need to refer to them while considering the progress and growth of the company. The management of the company looks at the financial statement from the perspective of liquidity, profita...

  Every Buisness need to have financial statement. Financial Statement as a tool to communicate in Buisness .Financial Statement is activity to record all the transactions has happened in the buisness. Due to Financial Statement, The Company know more about activities in Buisness . Financial Statement helps company to answer all of questions relate with activities in Buisness . For instance : 1) How much Profits that company earn in this moment ? 2) Do our Company earn Profit or Loss? 3) Where's Our Selling from ? From Account Receivable or Cash ? 4) How much Company's debt in this moment ? 5) Where's the income going ? 6) Where's the income coming ? 7) Which Product the most popular in this moment ? 8) When does Company need to give Discount ? 9) When does Company need to increase the Price ? 10) How much People invest in our Company? 11) When does the company do expansion of buisness? 12) How much goods in Company's Barn? ...