Accountants not only provide financial information to the firm assist in interpreting that information.
Financial information refers to summary information about financial transactions that help investors understand a company's profitability, assets and growth prospects. Personal financial information, such as last month's bank statements and tax returns, helps banks understand customers' creditworthiness, ability to pay, etc.
Financial information is very expensive information. It shows the financial capacity of individuals. The lending institution therefore wants to receive information about the monthly income of individuals, so that they can pay the monthly payments of the given loan.
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