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Explain the reasoning for the issues of financial reporting

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Reference no: EM131739743

Question: Provide a substantial response of 300 words (100 for each) for the following topic question with NO Plagiarism, so if used, please provide references:

Topic: Explain the reasoning for the issues of Financial Reporting or Financial Statement Analysis

a) Comparison of financial information periods to periods becomes difficult due to change in accounts in which financial is recorded.

b) Comparison of intercompany financial information becomes not comparable as aggregation of financial information done by them differently.

c) Operational information is included in financial analysis. Financial analysis becomes silent about the future performance indicator.

Reference no: EM131739743

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