Questions

The Cathedral of Notre Dame is located in paris(France) . It was one of the earliest French Cathedrals to be built in the Gothic style. It was built between A.D 1163 and AD 1270. About the 12th century, a new style- the Gothic -was developed in France.

Exodusters migrate to Kansas and other western states as part of the Exoduster Movement or Exodus of 1879. It was the first general migration of black people following the Civil War.

Exodusters was a name given to African Americans who migrated from states along the Mississippi River to Kansas in the late nineteenth century.

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.

Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.

The objectives & purposes of financial reporting :–

* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.

* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.

* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.

* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.

* Providing information as to how an organization is procuring & using various resources.

* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.

* Providing information to the statutory auditors which in turn facilitates audit.

* Enhancing social welfare by looking into the interest of employees, trade union & Government.

We all human beings i.e man or woman.

As baby we crawl, as an adult we walk and as old aged we use walking stick for support.