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Forthe task of financial reporting to take place successfully, the following threeelements need to work together:
For
the task of financial reporting to take place successfully, the following three
elements need to work together:
Financialperformance, financial position and cashflows.
Financial
performance, financial position and cashflows.
Humans,their technical expertise and computer systems.
Humans,
their technical expertise and computer systems.
Financialposition, cashflows and decision-making.
position, cashflows and decision-making.
Accuracy,relevance and timeliness.
Accuracy,
relevance and timeliness.
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