Question

Edin Ble Seved Help Seve 2 Identify which of the following items are not included as part of general-purpose financial statements but are part of financial reporting 14:36 eBook a. Company forecasts b. Revenue forecasts c. Prospectus d. Press releases on pending lawsuits e. Auditors' reports Shareholders' meetings 9. Company new releases h Management letter to creditors Management discussion and analysis of Enancial performance Yes Yes es
answer in either yes or no

Answer 1

"Yes" means it is not part of General Purpose Financial Stement but part of Financial Reporting

"No" means it is part of General Purpose Financial Stement.

	Item	Yes/No	Reason
A	Company Forecast	Yes	It is prediction of future business situations by company for their internal purpose.
B	Revenue Forecast	Yes	It is prediction of future revenue for their internal purpose.
C	Prospectus	Yes	Formal legal document designed to provide information and full details about an investment offering for sale to the public
D	Press releases on pensing lawsuits	Yes	It is press release released by company by giving clarifications in pending law suits.
E	Auditors Report	No	Audit Report contain opinion by auditor on financial statement which is part of General Purpose Financial Statements.
F	Shareholders meeting	Yes	Meeting records of shareholders for Internal Purpose
G	Company News Releases	Yes	News releases published by company on various matters.
H	Management Letter to Creditors	Yes	Communications to creditors for the internal purpose
I	Management discussion and analysis of financial performance	Yes	Management discussion and analysis of company performance and areas of problems for Internal purpose