The

four main financial statements that make up ‘general purpose financial statements’

contain numeric links to one another in some way.

Since

there are so many different types of external users, an entity has to produce

many, many different types of financial statements suited specifically to each

of their information needs.

The

same types of financial statements are prepared by large and small businesses, though

they may look more or less complex due to the volume of data being reported.

The

ASX Listing Rules are only applicable to entities listed on the ASX.

The

main reason that financial reporting exists is to ensure that information is

made available to users to assist in decision-making.

Accounting

is only relevant to profit-oriented organisations.