Financial Reporting Entity

This research investigates financial reporting entities, which is an important topic in the field of accounting and financial reporting. The purpose of this study is to discover and analyze the main features of financial reporting entities as well as their value in financial reporting. At the outset, this paper explains the term financial reporting entity. Organizations or legal entities that compile and present financial statements to external stakeholders such as investors, shareholders, creditors, and governments are called financial reporting entities. In addition, this article discusses the main characteristics that distinguish financial reporting entities from other entities. One such characteristic is that financial reporting entities have independence in planning, organizing, and controlling relevant economic resources. In addition, financial reporting entities have related entities at their disposal