Financial Information Essay Example | Topics and Well Written Essays - 500 words

Financial Information - Essay Example Financial accounting information provide the reporting of transactions that take place in the company, and managerial accounting use this information to develop required reports for the management of the company. Accurate and reliable financial accounting information can greatly influence the way businesses are carried out. Managers can use this information to strategically steer the business direction as per the forecasted financial data. Financial information provides the basis on which a company bases its future direction, goals and objectives. In addition, true and reliable financial accounting information is required by regulators so that stakeholders can obtain verifiable information to safeguard their investments in the company. National Center for Education Statistics. (2003). Financial Accounting for Local and State School Systems [Online]. Available from: http://nces.ed.gov/pubs2004/h2r2/ch_2.asp [Accessed September 10,