Hope this helps.|||what do the financial reports consist of ?
|||Financial information are factual information on the financial results of your operations. Many important financial information may be found in those reports.
-management decided to lengthen credit terms
management would necessarily be interested to know how this decision affect the companies working capital or liquidity position and if such decision increased sales.
- management decided to increase selling price
financial report would show how the market responded to the price increase through the sales figures , the volume of sales, and the stocks inventory.
There are many ways your figures can work for you if you know how to extract the information. Financial information keeps managers well informed of business condition and them better able to make good business decisions.