Financial Statements

This is a group assessment,I need to write the first two questions.

1.Describe the main components of Financial Statements and the processes used by a large company to complete its Financial Statements.

2. Discuss the areas during the process where subjectivity is required and the extent to which such subjectivity is controlled.

Accounting for Decision Makers.

This is a group assessment,my part is the first two questions. Thanks
1 • Describe the main components of Financial Statements and the processes used by a large company to complete its Financial Statements.
2 • Discuss the areas during the process where subjectivity is required and the extent to which such subjectivity is controlled.