Financial statements are significant for a business. They should provide information about the financial position, which is useful to present and potential investors and creditors and other users in making rational investment, credit, and similar decisions. (Kam, 1990, p34) Meanwhile, they are important to decision makers who use the financial information they provide to evaluate the performances of the firm and themselves. Thus, inaccurate financial statements may distort the portrayal of financial position and operating results …showed first 75 words of 1820 total…

…showed last 75 words of 1820 total…New York. <Tab/>Van, G, 2002, CASH BASIS vs. ACCRUAL BASIS OF ACCOUNTING, (Available: http://kalama.doe.hawaii.edu/hern95/pt035/Accounting/LEVEL_1-INDEPENDENT/CASH-ACR.HTM) accessed: 27/04/2002. <Tab/>White, J, H, 1996, Mind & Money, Seattle, WA <Tab/>Woelfel, C, J, 1994, Financial Statement Analysis: The Investor Self-Study Guide to Interpreting & Analyzing Financial Statements, Revised Edition, Probus Publishing Company, Canada.