This video demonstrates how transactions lead to the creation of financial statements. Vendors, creditors, and investors are only a few of the people who look at and analyze the company's financials. Financials should be internally scrutinized to catch and correct any errors before they are released. If the organization has an outstanding load, generally there are restrictions regarding the ratios that are calculated from the financials. The accountants of the organization should know these ratios as well.
Source: Dave Alldredge
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