Which types of financial statements (balance sheet, income statement, cash flow statement, internal budget, operating plan) would be most meaningful to supply to the board members of a publicly-held...

Which types of financial statements (balance sheet, income statement, cash flow
statement, internal budget, operating plan) would be most meaningful to supply to the
board members of a publicly-held company seeking to expand operations? Would your
answer be different if working with a private company?
Answer:
Financial statements are important and helps in presenting different aspects of the company’s
performance. When the company is planning to expand its operations the board of directors
would be mainly interested in the four major financial statements i.e. income statement,
balance sheet and cash flow statements. All the financial statements are important to the
board of directors as they will provide the adequate information required for expansion. With
the income statement the company would be able to analyse on its profitability...