Accounting 24-7

Accounting 24/7

What is the meaning of 24/7?

The main idea is:

A company must be able to update revenue, income and balance sheet numbers every day within the quarter and publish them on the internet.

Why companies must prepare daily reports?

To help investor to read and understand financial and reports issued by companies even able to take investment decisions on the basis of insufficient information.

Who is interested in the daily reports?

The financial statements are prepared for the purpose of providing the necessary financial information to users of those lists Including the company's management , shareholders , bondholders and financial analysts, suppliers, banks and regulatory bodies, as well as other government agencies and prospective investors.

Importance of daily reporting

1. Current reporting be available to investors all the time.
2. Have forward vision.
3. Easy access to information by internet.
4. Make investors feel that their money was safe.
5. Timelines.

There is two obstacles in this vision

1. Having the necessary accounting systems to close the books on a daily basis.
   1. Reliability concerns associated with unaudited real-time data.

Such Cisco company

Which pioneered the concept of the 24-hour close.

Cisco systems

• Is an American multinational corporation headquartered in San Jose, California, United States, that designs, manufactures, and sells networking equipment.
• Established to facilitate networking between computers and make them more effective.
  • This company gives many important certificates.

Conclusion

• Increase the number of investors
• And help existing investors Help the company to know the fate of the company and comparison with prior periods.

(Full disclosure of operation).

TO TAKE TRUE DECISION IN THE WORK.

Substitute title

Daily financial reporting and its effects on the company's success.

Who can give another address?