3.1 Functions of Financial Statements Financial Statements: Provide information of a firm about the current status and past performance D Provide a convenient way to set performance targets to impose restrictions of the managers of the firm Provide a convenient templates for financial planning .THE COURSE OF FINANCE 2017 SPRING SJTU3.1 Functions of Financial Statements  Financial Statements:  Provide information of a firm about the current status and past performance  Provide a convenient way to set performance targets & to impose restrictions of the managers of the firm  Provide a convenient templates for financial planning •THE COURSE OF FINANCE 2017 SPRING SJTU •3