The role of financial and non- Malaysian financial information

Abstract

The management of the company acts as an agent on behalf of its stakeholders, especially the shareholders, and thus it is responsible for performing its known functions and achieving the efficient and effective use of the company's resources to ensure the achievement of its objectives. It is agreed that planning is one of the most important functions of management, and that it necessarily involves forecasting the future, as there is no planning without a prior prediction of events and variables that have a potentially substantial impact on the project activity.

Globalization and the tremendous rapid development in communication and information technology, as well as the sequence of events in their political, economic and social types, which enter as variables that affect the current and future performance of the company, affect its competitive position and the size and structure of its financing, and thus strongly affect the existence of this company as a whole, all this highlights the importance of studying The future performance of the company, investigating current indicators and data, developing assumptions and perceptions of what the company's future conditions may be, and thus obtaining future financial information about the company's performance contributes to the position of management, shareholders and all those interested in the company in the form of what the conditions will lead to in the future.