financialstatements are required to giveformal projections ofmanagementsassessme

financialstatements are required to giveformal projections ofmanagementsassessment ofthe next periods financial resultstheassetsand liabilities of a companyprovide clues to a companys future prospectspastperformanceis often a good indicatorof future performancethe evaluation of managements past performance gives clues to itsability to generate future return