Financial Reporting

Dr. Himanshu Jain

PIET
 Financial Reporting

Financial reporting is the process of producing statements that disclose an

organization's financial status to management, investors and the government.
 Features of Financial Reporting

1. Credible
2. Relevant
3. Authentic
4. Engaging
5. Digestible

Or
Users of Financial Reporting
Financial Reporting Cycle
 Current Practices of corporate Reporting

1. Credible
2. Relevant
3. Authentic
4. Engaging
5. Digestible

Or
 Current Practices of corporate Reporting…

This voluntary information may include the following:

• Presentation of the highlight of the information contained in the published accounts.
• Preparing cash flow statement
• Preparing fund flow statement
• Provision of important accounting ratios
• Discloser of accounting policies
• Use of charts, graphs and diagrams
• Use of schedules
• Impact of price level accounting
• Social accounting
• Human resource of accounting
• Corporate governance report