Question

what are the outside factors upon which the conclusions drawn from financial statements and financial statement analysis are reliant?

Please help!! I'm trying to finish a VERY long accounting paper and got stuck with this question, have no clue, someone please help!! Thanks

Answer 1

The major purposes of financial statements
o The type of information financial statements provide
o The limitations of financial statements
o The outside factors upon which the conclusions drawn from these statements are reliant
o How items in common-size statements are presented
o How ratios in ratio analysis are computed and used
o Why most financial analysts prefer ratio analysis to common-size statements

Answer 2

the outside factors upon which the conclusiondrawn from these statements are reliant