Week 3 Team Paper

TEAM C, WEEK 3 LEARNING TEAM ASSIGNMENT

Financial reports should provide information that is useful in making investing, lending, and other economic decisions. When a company does it quarterly reports it is to allow all of the shareholders to see exactly how well the company is doing. It will hold all the important information that will prove if the company is a reliable place to invest their money. It helps the shareholder to see where the company has spent the income that was made because of sales. It helps to define where the profits are coming from and who they are going to. Reporting provides more transparency so that shareholders or anyone with plans to do business with a company is more informed and can make better decisions based on the financial reports....