Question

List appropriate authorities and sources of information from where reliable and accurate data on financial products and markets can be assessed.

Answer 1

Appropriate authorities and sources of information from where reliable and accurate data on financial products and markets can be assessed are as under :-

1.) Firm oriented data releases - This is the most reliable and correct source as firm itself providing financial information. Relationship between organisation and stakeholder can be improved with the effective communication of financial information. Stakeholder includes shareholders, employees, finance provider and any other person who has interest in organisation affairs. The release from organisation can be related to any matter like dividend declaration, government related announcement, future projects announcement, earning based release, etc.

2.) Accounting information through financial statements :- Financial statements are prepared and laid down in annual general meeting. These need to be audited and hence its accuracy and correctness will be at highest level. Financial statements helps the users in assessing the future of the organisation and it also provides the current information about the values of assets and liabliliabi and also worth of organisation.

3.) Financial markets :- These are the most valuable and reliable source of information. They not only provide information on market growth but also provides bankruptcy condition on a daily basis. Financial markets like stock exchange where every listed organisation submit their information prior to any other department.

4.) Financial media :- Financial information and market information can be publicly available by number of ways like through television, newspaper, internet etc. Publicly available information is presented through media, especially financial media.