Medical Field Literature Review - 1475 Words

Nursing in the Medical Field: Literature Review Nursing is one of the most popular healthcare professions in the world. The number of employees is constantly growing and they are always in need for incoming and experienced workers. The profession is taken very seriously and what’s best about the job is that one can grow, develop a higher degree and go work in a different setting. Just like history, the past, present and future of the medical field, this career is being researched on by the following questions: 1. What does it take to be a nurse? 2. What can a nurse do with their degree? 3. What is the history of Nursing? 4. What are the issues within Nursing? This review of literature on nursing will be focused on the 4 questions†¦show more content†¦This degree comes from four-year academic courses from science to principles of nursing. These courses will generally allow someone to learn everything they need to know in order to graduate and find a job in the career quickly since the field of work is always in need. Even after receiving a Bachelors degree, nurses and students can always go back to school to achieve a higher degree in nursing or branch out to another program. What can a nurse do with their degree? There are many fields a nurse can get into if they want to continue their education. After receiving their associates or bachelors they can choose accelerated options such as nurse practitioner (NP) basically a higher level of a registered nurse. They work more closely with the physician and are able to focus on patients’ conditions as well the effects of illness on the patient and their families. So they do more work closely related to prevention, wellness and patient education priorities. NPs can also conducts research and are often active in patient lives. Another example of an accelerated option is a Certified Nurse Midwife. They help assist births but also provide gynecological services which allow them to write up prescriptions and provide patient counseling along with education. Higher education for this job is however a couple years longer as compared to a Nurse Practitioner. The amount of schooling someone will have to goShow Mor eRelatedThe Impact Of Telemedicine On Health, A Systematic Literature Review1530 Words   |  7 PagesIntroduction To evaluate and study the impact of telemedicine in health, a systematic literature review was conducted. An electronic research through the University of Maryland library was done the articles selected dated from 2000 to 2014. A total of 12 articles was reviewed that dealt with clinical outcomes, efficacy, patient and provider satisfaction. Telemedicine as an emerging field can greatly improve the outcomes of healthcare thus resulting in decrease the delivery cost of healthcare. WhileRead MoreMedical Literature : The Scientific Literature Of Medicine Essay1266 Words   |  6 PagesMedical literature is the scientific literature of medicine: articles in journals and texts in books devoted to the field of medicine(Wikipedia). When entering the healthcare field, it is very important to familiarize yourself with medical literature and how to properly document medical findings. AMA format was not designed to be used for a research paper. It was designed for the use of medical journal articles. A paper written in AMA format must include four major parts: A title page, an abstractRead MoreThe Electronic Health Record ( Ehr ) Essay1367 Words   |  6 Pagesfact that the classic EHR is a different area, cross-institutional, even national build, the electronic records scene likewise incorporates some distributed, individual, non-institutional models. The terms Electronic Health Record (EHR), Electronic Medical Record (EMR) and Personal Electronic Health Record (PHR) have frequently been used reciprocally, in spite of the fact that contrasts between the models are presently being characterized. The EMR and EHR are complete` health record under the custodianshipRead MoreEpidemiology: Study Notes1775 Words   |  7 Pagesinstrument. First, review the design and the variables for control and bias. Second, case-control studies assign cofounders to all groups equally. Cohort studies could match and admit only certain groups into the population study, limiting characteris tics (e.g. if age is a cofounder, then only x-y range would be included). Double blinding conceals a trial population from the experiment, and a randomized controlled trial dives the population randomly in order to limit bias. 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However, research methodologies and the availability of information offers opportunities into understanding and gaining knowledge pertaining to leadership, management and the culture as it pertains to the organization. This paper will delve into the qualitative aspect of research methodology and the methods of literature reviews and surveys as tools forRead MoreThe Journal Of Comprehensive Medical Research1245 Words   |  5 PagesInternational Journal of Comprehensive Medical Research is the official peer reviewed publication of Saraswathi Institute of Medical Sciences, Hapur that considers research articles related to all fields of medical science. The journal will be published biannually. International Journal of Comprehensive Medical Research publishes original articles, case reports, review articles, short communications, letter to the editor and book reviews in all fields of medical science. 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The ABPTRFE currently recognizes nine specialty areas within the field of physical therapy, and there have been residency programs created in each of the nine recognized specialty areas (American Board of Physical Therapy Specialties, 2017). Residencies are often completed directly post-graduation, after a physicalRead MoreTargeting Of Host Organelles By Pathogenic Bacteri A Sophisticated Subversion Strategy1032 Words   |  5 PagesScientific Literature Essay- Elise Foxall (Word Count=) The review article chosen is titled, ‘Targeting of host organelles by pathogenic bacteria: a sophisticated subversion strategy’. It was published on the 23rd of November 2013 and written by Pedro Escoll, Sonia Mondino, Monica Rolando and Carmen Buchrieser of the Institut Pasteur in France. It explores how it has been discovered that bacterial pathogens have evolved to override normal eukaryotic cell behaviour

The Teachings Of Buddhism And The Buddha Essay - 1418 Words

Buddhism is a very prominent religion followed by hundreds of millions of people worldwide. It was founded Gautama Buddha, who is also known as the Buddha or Siddhartha Gautama. The Buddha has 3 names much like there are 3 types of Buddhism. The different types of Buddhism are Theravada, Mahayana, and Pure Land. Though there are multiple schools of Buddhism, they all follow the teachings of the Buddha. Two of the main teachings of the Buddha are known as the Four Noble Truths and the Noble Eightfold Path. The followers of Buddhism view these teachings as a set of guidelines to live a peaceful life free of suffering. Ultimately, these teachings are meant to lead the followers of Buddhism to Nirvana. But how was one man inspired to come up with all of these teachings? To begin with, Siddhartha Gautama was no ordinary man. Siddhartha Gautama came from a noble family and was actually a prince. Because he is viewed as a divine being, there are many mysteries surrounding his life. It i s difficult to pinpoint which stories about him are true and which has been sensationalized over time. However, there are some basic stories about his life that are generally accepted. These stories say that â€Å"his birth was attended by miracles and that he was born with signs on his body indicating a destiny either as an enlightened Buddha or as a world-conquering emperor† (Smith, 243). As such he was raised to be a prince and grew up very privileged. It is difficult to imagine that a religionShow MoreRelatedBuddhism Is The Teaching Of Buddha1919 Words   |  8 Pagespractices Humanistic Buddhism. Humanistic Buddhism is the teaching of Buddha. It affirms that the Buddha was born into the human world, and was cultivated in this world. The difference is that Buddha was enlightened in this human world and he taught other human beings in this world how to reach Nirvana, the freedom from suffering, in this human world and not apart from it. Buddha taught others that it is t hrough our humanity that Buddhahood, full enlightenment, will be attained. Buddhism says that â€Å"theRead MoreChristianity And Buddhism : The Teachings Of Life, Death, And The Resurrection Of The Buddha887 Words   |  4 Pagesbillion people is known as Christianity. It is the teachings of life, death, and the resurrection of Christ originating from Jerusalem in present- day Israel. Buddhism is a spiritually sought religion that focus on the teachings of the Buddha. The number of Buddhist world-wide has been estimated to be around three-hundred and fifty million, which is about six percent of the world’s population. This religion is concentrated on the teachings of the Buddha and the perceived enlightenment of life. SiddharthaRead MoreEssay about The History and Practice of Buddhism (Mahayana Sect)1023 Words   |  5 PagesThe religion Buddhism came from Buddha’ meaning to awaken. 300 million people around the world are practitioners of Buddhism. 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These two schools of Buddhism bothRead MoreEssay on Confucianism vs. Buddhism1607 W ords   |  7 PagesConfucianism vs. Buddhism By Robert Truckle In this essay, two world religions will be compared to see how similar and/or how different they are; these two religions are Confucianism and Buddhism. Confucianism speaks about the wise thoughts that Confucius came across throughout his life. Buddhism speaks about how to acquire great knowledge throughout life. Confucianism was founded by a Chinese man, but Buddhism was founded by an Indian man. These quick comparisons show how the religions differRead MoreDifferences Of Theravada And Mahayana Buddhism1181 Words   |  5 Pages There are two major divisions of Buddhism. These two major divisions are Theravada Buddhism and Mahayana Buddhism. Both of these divisions of Buddhism are similar but also different in some aspects. Theravada Buddhism is known as the traditions of the elders and Mahayana Buddhism is known as the expansive way. I will talk about three difference in Theravada and Mahayana Buddhism. There are also many little differences in both they will also be brought up i n the describing the two divisions. OneRead MoreA path to spiritual discovery903 Words   |  4 PagesAs Madhu Bazaz Wangu indicates, Buddhism is a path to spiritual discovery (8). Being Buddhism, a non-theistic religion, their disciples follow the monotheistic doctrine demonstrating they believe in only one deity. Siddhartha Gautama, mostly known as Buddha––the enlightened––, is the one deity Buddhists believe in. As Wangu writes, Siddhartha practiced severe self-denial and meditation before he could reach Nirvana (state of mind that ends the path of suffering) (8). Siddhartha came to the conclusionRead MoreBuddhism Essay1075 Words   |  5 PagesBuddhism Essay Tiger Woods has recently been involved in a very mind boggling and life changing situation. Tiger Woods has been caught cheating on his wife with other women. This event truly shows that Tiger’s desires have brought sorrow to his life. This is very ironic because the desires he has brought among himself are believed to be what the Buddhist faith encourages its followers. Buddhism is supposed to be a very peaceful and calm religion in which people try to avoid desires, whichRead MoreThe Codifying And Transmitting Of Traditions In Written1281 Words   |  6 Pagesthroughout history. Several major religious practices have, in fact, used sacred texts to demonstrate and canonize important doctrines, as Muslims have done with the Quran. An example of this method in the case of Buddhism is Mahaparinibbana Sutta, which exhibits multiple discourses of the Buddha in his final days. This text, particularly the verses written below, is thus worthy of close analysis following comparisons to those of other religions for insight. And the Lord said to Ananda: ‘Ananda, it mayRead MoreThe Buddha, The Dharma, And The Sangha873 Words   |  4 PagesStarting out in the Indian subcontinent, Buddhism grew to be a dominant religion that spread throughout Asia. Buddhism is rooted in the three elements known as the â€Å"Three Jewels†: the Buddha, the Dharma, and the Sangha. Through these elements, followers practice meditation and self-control in order to reach the state of enlightenment, or nirvana. The religion was pioneered by The Buddha, whose last reincarnation was named Siddhartha in Nepal around 600 B.C.E. He was a human who transcended to a state

Maruti Suzuki in Indian Premium Car Segment Free Essays

string(25) " tag associated with it\." MARUTI SUZUKI amp; INDIAN PREMIUM CAR SEGMENT Interim Report – Marketing Management INTRODUCTION: Indian automobile industry currently contributes 5% to India’s current GDP of $1. 4 trillion. The projected size in 2016 of the Indian automotive industry varies between $ 122 billion and $ 159 billion including USD 35 billion in exports. We will write a custom essay sample on Maruti Suzuki in Indian Premium Car Segment or any similar topic only for you Order Now This translates into a contribution of 10% to 11% towards India’s GDP by 2016, which is more than double the current contribution. We can safely assume the passenger car market as a whole grows in the same phase if not more than mentioned above. Passenger cars have sub classifications with in them and they are as follows: SEGMENTATION OF INDIAN CAR MARKET: As per SIAM (Society of Indian Automobile Manufacturers) The classification of segments are done as per length of the vehicle, (Passenger car segment) 1. A1 – Mini – Up to 3400mm (M800, Nano) 2. A2 – Compact – 3401 to 4000mm (Alto, wagon r, Zen,i10,A-star,Swift,i20,palio,indica etc) 3. A3 – Midsize – 4001 to 4500mm (City,Sx4,Dzire,Logan,Accent,Fiesta,Verna etc) 4. A4 – Executive – 4501 to 4700mm (Corolla,civic,C class,Optra,Octavia, etc) 5. A5 – Premium – 4701 to 5000mm (Camry,Eclass,Accord,Sonata,Laura,Superb,etc) 6. A6 – Luxury – Above 5000mm (S class,5 series etc) 7. B1 – Van – Omni, Versa, Magic etc 8. B2 – MUV/MPV – Innova, Tavera, Sumo etc 9. SUV – CRV, Vitara etc A segment, B segment etc. were used earlier. But now the segmentation in India is done on the basis of length. Maruti Suzuki India Limited, the leading passenger cars producer, currently holds a market share of about 45% in the passenger vehicles segment. The dominant share of the current 45% has primarily come from passenger cars that belong to the Mini/Compact hatchback or midsize sedan. As Maruti Suzuki started its operations in 1981 the needs of the country’s automotive industries were affordable/entry level cars which Maruti very successfully catered to. But very recently the executive, premium and luxury segment cars are growing more than 20% every year which is higher than the growth of the compact passenger cars. Here is a data which reiterates the growth of premium segment cars in India. The data shows the number of cars whose price is in the range of 15lakh to 30 lakh. Model| 2004/05| 2006| 2007-08| 2008| 2009| 2010| 2011| Skoda superb| Na| 769| 586| 694| 541| 2078| | BMW 3 series| -| -| 946| 1,075 (FY09)| 1,155| 2,220 (Jan-Nov)| | Audi A4| -| -| 102| 1,050| 1,658| 3,003| 4,210 (Q1-Q3)| Mercedes c class| 785| 883| 1,127| 1,765| 1,607| 5,109 ( Jan-Nov)| 3,233 (Jan-May)| The above data clearly shows there is a strong growth in the premium segment that is being seen in the Indian passenger segment. So how far can Maruti Suzuki, a pioneer in small car segment, address the changing trends of Indian car market. Can it replicate the success of small car sales in to the premium segment also? In order to identify the needs and the values of the luxury class and their views and expectations on Maruti entering premium car segment we conducted the following interviews which are given below INTERVIEWS WITH POTENTIAL CUSTOMERS: INTERVIEW 1: What is your profile? I am Prakhar Sharma. I am an electronics engineer and had been working for BEL for the last one year. At present I am a student in IIM Bangalore. Do you own a sedan? If yes, which car? My father would be the rightful owner of the cars that we possess. He is a Government officer. We currently own a SX4 petrol version. It is the ‘fully loaded’ petrol version, and we own it for over a year. Do you own any other car? We do own a Maruti 800, which is around 20 years old. Apart from that, my father has his office car as well. We thought about buying a new car because the Maruti 800 was very old. What are the various factors you considered before you bought the car? Generally when a person is looking to buy a sedan, it is his second or third car purchase. There are various factors people consider while buying a car. Personally, the factors I feel that influence my choice are Style, Power, Ergonomics and driving experience. This is of course taking into account that certain minimum requirements are met by the cars in this category. What other cars did you compare with before buying the SX4? There are a number of options available in this price range. We had basically zeroed down up on SX4 and Honda City. The Honda City is a really good car as well. The best thing I liked about it was the experience. It is extremely smooth with a feather touch power steering. The design and interiors are really nice as well. What made you choose the SX4 over the Honda City? We had a fixed budget assigned towards the car, with a flexibility of around 1 lakh. Within that budget the two cars I really liked was SX4 and Honda City. However, the Honda City base model would cost us as much as the SX4 fully loaded model (with all features already installed). So we felt that it was better value for money, and went along to buy the SX4. Apart from that, some other factors which influenced our decision was that maintenance costs of Maruti is very low, spare parts are readily available and don’t really cost that high either. If you are looking to upgrade to a higher end sedan, would you go for a Maruti again? Say Kizashi? If I assume that I do not have any budget constraints, then I probably would not go for a Maruti. The new Kizashi seems good as far as design and technical specifications are concerned, but the name Maruti has a perception attached to it. Maruti is the car that was trusted by your parents and grand-parents, it is the car that almost every Indian owns. If I want to own a high end sedan, I would want to show it off as well. I feel that would not be possible with the Maruti tag associated with it. You read "Maruti Suzuki in Indian Premium Car Segment" in category "Papers" It does not have that association of exclusivity. So I would rule out Maruti in the first place and go for a brand which is not possessed by too many people. INTERVIEW 2: What is your profile? I am Vaibhav Singh, I graduated from IIT Kanpur. Currently am a PGP-I student at IIM Bangalore. Prior to joining IIMB I worked at National Instruments for almost 3 years. Do you own a car now? If yes what is the car Yes, I own a Maruti 800. What are the facts you like and dislike about your current car? I feel a sense of safety in case of Maruti mainly because it’s a trusted brand especially in India. Secondly it’s low on maintenance and its spares are readily available. Also Maruti has a strong service network. What I don’t like about Maruti, I get confused as there are many cars in the same segment and it’s very difficult to select. Do you have any other cars in the family? Which one do you like comparatively? Yes we also own a Ford Figo. I like Figo over Maruti 800 as it is newer and has many more features. Are you planning to upgrade your car now? What are the key features you look for in the car? I may upgrade after in a couple of years from now and mostly to a sedan. The key features I will look for would be i. Brand value. How it’s perceived in the market. ii. Quality iii. Price iv. Features If Maruti comes up with a new car would you be willing to consider it? Why or why not? I will mostly not consider Maruti as my option. The reason is that I associate Maruti with low cost so there is a brand disconnect. I would rather consider a Honda or Toyota. What do you think about the new car Maruti has launched Kizashi? When I saw the car it was portrayed as a sports sedan but I think the looks could have been better. Basically, I don’t perceive Maruti car as a sports sedan. When a car is that expensive it should also add status which I think Maruti does not add. What can Maruti do so that you will consider it as an option? I think what most other companies have done by separating the brand specific for luxury cars, Maruti should do something similar. If possible leverage on some brand that concentrates on luxury segment alone. If not anything else, they should atleast use just ‘Suzuki’ and not ‘Maruti Suzuki’ to launch a car in targeted segment. Finally what are the two main reasons why you will not buy a Maruti in the luxury segment? 1. There will not be any status enhancement 2. I do not associate Maruti with high performance. I only think it is low cost and reliable. INTERVIEW 3: What is your profile? I am Shobhit Agrawal from Delhi. I completed my graduation from St. Stephen’s College. Currently am a PGP-I student at IIM Bangalore. Do you own a car? If yes, which? Yes, we own a Volkswagen Polo for over a year. We also own a Maruti 800 but it’s not in a major use now. What you like and dislike about your current car? We bought Polo because it was one of the better cars in terms of performance in that price range. We preferred a top-end version of hatchback over a low-end version of a bigger car. Polo has many features and most importantly we wanted a car that is new and different from the ones generally present in society. So Polo met most of our needs. There’s nothing specific which I don’t like so far. If you want to upgrade your car in future what will it be to? What are the key features you would look for in the car? If I upgrade my car in future, it might be to a sedan. Key features I would consider are i. Performance (engine) and mileage ii. Value for money – The car should be ergonomically comfortable, it should have good features, better quality and good interior design amp; aesthestics iii. Brand – It should make a statement. iv. It should also have a good dealership network and servicing network. Suppose you would want a luxury sedan, and Maruti launch cars it that segment. Would you consider Maruti as your option? Why or why not? As I mentioned the key features I would be looking for in a new luxury sedan car, If I feel that a Maruti sedan meets my requirements, I may consider it as my option. But since such an investment is considerably large and highly infrequent, brand will also play an important role in selection as it is a status symbol. What’s your view about Maruti Suzuki SX4 and Kizashi compared to competitors in their segment? When I see SX4 against Honda City, SX4 seems to be lower in class although it is not. Similarly if I compare Kizashi with Accord or Camry, Kizashi seem to be slightly lower. This I think is mainly because people associate Maruti with small cars than sedans and luxury cars. What do you Maruti lacks to be in luxury sedan segment? What should it do? I think Maruti lacks an image of luxury car maker. It is generally associated with small cars owing to its leadership in that segment. In order to be more successful, Maruti will have to develop expertise and capability to compete in that segment. SURVEY ANALYSIS So from the discussions with the consumers we have come to the following conclusions regarding whether they would prefer to buy a Maruti in the sedan segment the following conclusions can be drawn. 1) The major reason is that Maruti is associated with a low cost car. It is a very trusted brand as many of the people interviewed were either owners or had owned a Maruti car in the past and were very satisfied with the product. However the brand is not associated with a status symbol so people upgrading will most probably not prefer a Maruti even if the product and the price is same of competition. 2) Another reason for non-acceptance is that there a real as well as perceived difference between the competitors and Maruti. When we compare higher end cars by Maruti with others in the segment, it fails to beat the established standards by other brands. For e. g. In a 2. 4 Lit engine car segment, it is perceived by the consumers that Toyota and Honda cars will have a superior engine than Maruti’ s engine. Also they are perceived to provide a better quality in terms of aesthetics to the buyer. For this reason, even though, Maruti Suzuki SX4 was launched in the same segment as Honda City, it was always considered to be lower than City. 3) One reason for people not to consider the car is that they feel the resale value will not be good. As many people in these segments buy cars and switch between 3-5 years resale value is an important consideration and this is where Maruti lags behind a lot compared to a Honda or a Toyota SOME POINTS WERE ALSO IN FAVOUR OF MARUTI: ) Most of the people have already owned a Maruti and were very satisfied with the product and have a high opinion of its after sales service and cheaper spare parts so they think that compared to the others the maintenance cost will be low. Therefore after analysing the 4 interviews we can come to the conclusion that Maruti cannot be seen as a status symbol that most people upgrading to higher end cars look for. However this se gment is growing at a very fast rate compared to the average industry so this is a segment Maruti cannot afford to ignore. The advertisements and promotions for their latest car Kizashi also could not generate much excitement among the customers like what Mahindra Scorpio’s advertisements did so this could be one area they could look at. So the key questions going ahead for us will be: * Maruti has enter the segment with its current brand the following table shows the specifications of Maruti Kizashi and its competitors Technical Specification and Pricing * As shown in the table above even with similar specifications and competitive pricing Kizashi was not able to catapult its sales figures as done by Accord (3324 units– 2005-06) and Camry (794 units– 2005-06). So the burning question is does it need a new brand either fully made by themselves like Toyota did with Lexus or should they come into collaboration or acquire a luxury brand and enter into the market * Will Maruti be able to use the current distribution channel to effectively market the cars? With the same dealership network having two types of customers, one targeting an entry level hatchback and the other targeting a luxury sedan served effectively? Or will they need a new dealership network for high segments cars for specific target consumer which can be a costly affair. How to cite Maruti Suzuki in Indian Premium Car Segment, Papers

Financial Reporting free essay sample

What is financial reporting? The traditional function of financial reporting was to provide business owners with information about the companies that they owned and operated. Once the delegation of managerial responsibilities to hired personnel became a common practice, financial reporting began to focus on stewardship—that is, on the managers’ accountability to the owners. Its purpose then was to document how effectively the owners’ assets were managed, in terms of both capital preservation and profit generation. This is a system of presenting financial data of a companys position, operating performance, and funds flow for an accounting period. Financial statements along with related information may be contained in various forms for external party use such as in the annual report, SEC Form 10-K, and prospectus. If â€Å"accounting is the language of finance† (Lasher, 2008, p. ) then financial reporting is the â€Å"communication of financial information useful for making investment, credit, and other business decisions† (Wild, Shaw, Chiappetta, 2009, p. We will write a custom essay sample on Financial Reporting or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 681) Such communications include general purpose financial statements such as income statements, balance sheets, equity reports, cash flow reports, and notes to these statements. Additionally, items such as SEC filings, press releases, meeting minutes, and auditor’s reports are also included in financial reporting (Wild, Shaw, Chiappetta, 2009, p. 681). Many financial reports, or the accounts and data they represent, are subject to various regulations and standards from organizations such as the Securities Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), and the International Accounting Standards Board (IASB) (Wild, Shaw, Chiappetta, 2009, p. 9). Much like any language, financial statements could have their own â€Å"dialect† so to speak. For example, knowing about the use of cash-based accounting versus accrual based accounting could impact some very serious business or investment decisions. The various regulations, standards, and Generally Accepted Accounting Principles (GAAP) helps to make sure we’re all on the same page. In the broad sense of the term, everyone uses financial reports! We all receive receipts when we make purchases from stores and we all receive bills. In a sense, these are both financial reports that communicate to us the status of our accounts or individual transactions. When we focus on business, however, we can more easily focus on managers, investors, creditors, and even the government. Managers use financial reports to make business decisions. For example, if a manager of a manufacturing firm saw from internal financial and inventory reports that product returns were high then that manager might push for increased quality control. Investors and potential investors alike use general-purpose financial reports so frequently that companies often release them together in a bundle called â€Å"investor reports,† â€Å"annual reports,† or â€Å"shareholder reports. Investors would use this information to help make a decision about whether they will buy, sell, or hold onto a particular company’s stock. Another large group of people who use financial reports are creditors. A creditor would use financial reports to determine their risk in loaning money to a particular company. Goal of presenting useful information to financial statement users so that proper decisions can be made. Data presented should be comprehensive so that a good understanding of the entitys activities is possible. Financial information should aid in the evaluation of the amounts, timing, and uncertainties of cash flows. Also, financial reporting should furnish information about the firms economic resources, claims against those resources, owners equity, and changes in resources and claims. Financial reporting should provide information about financial performance during a period and managements discharge of its stewardship responsibility to owners. It should likewise be useful to the managers and directors themselves in making decisions on behalf of the owners