Evaluate the firms performance and financial health?
- Disclosure notes are an integral part of the information provided in financial statement. In what ways are the notes critical to understanding the financial statements and to evaluate the firms performance and financial health? Be specific in addressing this question.
- Every annual report of a public company includes an extensive discussion and analysis provided by the companys management. Specifically, which aspects of the company must this discussion address? Isnt managements perspective too biased to be of use to investors and creditors?