Define financial reporting
Give a brief explanation of the term financial reporting.
Expert
Financial reporting signifies to the statutory disclosure of the general purpose financial information through limited liability entities through the annual report and accounts. Financial reporting is originated from a complex procedure recognized as financial accounting that is concerned with evaluating, classifying, and recording the economic transactions of the entity compliant with established principles, legal requirements as well as accounting standards.
A MAN (Metropolitan Area Network) is optimized for a bigger geographical area than a LAN, varying from numerous blocks of buildings to whole cities. MANs can as well depend on communications channels of moderate-to-high data rates. The MAN might be ow
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