The Importance of Financial Statements

The Importance of Financial Statements 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. ? Briefly explain generally accepted accounting principles (GAAP), and describe why it is important that public companies follow GAAP when preparing financial statements. Also, give your opinion on whether private companies should be required to follow GAAP. Provide a rationale for your opinion. ? ? Answer Preview. Importance of Financial Statements ??????????? Every public company is required to always publish their annual financial statements for the public as these statements are usually of importance to many users, and one of the users of the financial statements are employees of an organization. When an organization provides its employees with their financial statements. APA 371 words ? Related Questions: You are the owner and CEO of group homes that serve those with mental impairments Accounting 350 Cost Accounting FASB Codification and Careers in Accounting Accounting 4 : Closing process Auditing in Government Organizations LIBRARY RESEARCH ASSIGNMENT