Question

What other means are there of communicating information, besides financial statements?

Answer 1

Apart from the financial statement, we can also use multidimensional graphics technique for communicating information, and it is also an effictive and efficient way for communicating information. This graphics technique is more beneficial because it helps every individual to get to know about the relationship between the financial variables and it also allows them to have a note or have a record on the changes which is been shown in the firm’s financial condition rather than the statistical model of the firm. There is also an financial reporting which takes various form such as the suplementary schedules which are in the corporate annual report, and it also manages the upcoming forcast and the social and evvironmental impact of the companies description.

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