The objective of financial statements is to provide information about the financial position, financial performance and cash
flows of an entity, useful to a wide range of users in making economic decisions.
Financial statements also show the results of management resources [6].
The structure of financial statements includes “statement of financial position at the end of the period, income statement on period, statement of changes in equity per period, cash flow statements per period, notes comprising a summary of significant accounting policies and other explanatory information