Which types of financial statements (balance sheet, income statement, cash flow statement, internal...

Question

Which types of financial statements (balance sheet, income statement, cash flow statement, internal budget, operating plan) would be most meaningful to supply to the board members of a publicly-held company seeking to expand operations? Would your answer be different if working with a private company?

David · Accepted Answer

Which types of financial statements (balance sheet, income statement, cash flow 
statement, internal budget, operating plan) would be most meaningful to supply to the 
board members of a publicly-held company seeking to expand operations? Would your 
answer be different if working with a private company? 
Answer: 
Financial statements are important and helps in presenting different aspects of the company’s 
performance. When the company is planning to expand its operations the board of directors 
would be mainly interested in the four major financial statements i.e. income statement, 
balance sheet and cash flow statements. All the financial statements are important to the 
board of directors as they will provide the adequate information required for expansion.

Which types of financial statements (balance sheet, income statement, cash flow statement, internal budget, operating plan) would be most meaningful to supply to the board members of a publicly-held...

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