Question

Who are some other individuals who might want to use the information in the financial statements

Who are some other individuals who might want to use the information in the financial statements


Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Some Other Individuals who might use the information in financial statements

1) Suppliers - Suppliers are interested in the information of financial Statements. Suppliers get to know about solvency and liquidity of company to pay its short term obligations.

2) Employees - Employees use the financial statement information to analyse about the company's ability to pay salary and benefits. Others reasons of using financial statement information are career development, Financial performance.

3) Customers - Customers use the financial statement information for assessing the company expansion possibilities, its stability of operations, Its compliances review, for investment decisions

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Who are some of the basic uses of financial statements, and how do they use them?
Who are some of the basic uses of financial statements, and how do they use them?
What other means are there of communicating information, besides financial statements?
What other means are there of communicating information, besides financial statements?
Inaccurate and unreliable information can spell financial disaster for businesses and persons who use this information...
Inaccurate and unreliable information can spell financial disaster for businesses and persons who use this information for decision-making purposes. From the standpoint of a business, accurate and reliable information is necessary in order for a potential investor to have when they are considering investing with the company. If the information is not accurate and reliable, this will potentially harm the investor. Inaccurate financial information may be due to the incompetence of the accountant who prepared the financial statements or due...
Assume that you want to use some financial ratios from analysis, what are some of the...
Assume that you want to use some financial ratios from analysis, what are some of the financial ratios that comes from the statement of cash flows?
Who are people that might not want to use an online scheduling system when making an...
Who are people that might not want to use an online scheduling system when making an appointment to see their doctor? Explain their reasons.
1. When there is other information in documents containing audited financial statements and the auditor’s report,...
1. When there is other information in documents containing audited financial statements and the auditor’s report, the auditor should Group of answer choices Perform inquiry and analytical procedures to ascertain whether the other information is reasonable Perform the appropriate substantive auditing procedures to corroborate the other information Add an other-matter paragraph to the auditor’s report referencing the other information Read the other information to identify material inconsistencies, if any, with the audited financial statements 2. An auditor would express an...
Identify a person who works with company financial statements on a regular basis. This person ought...
Identify a person who works with company financial statements on a regular basis. This person ought to either prepare financial statements, or analyze financial statements. You might find a person who is working as a financial accountant within a company, or a loan officer at a bank, or an investment analyst. Academics, auditors and tax preparers are generally not good targets for this assignment. Create a list of at least 10 interview questions designed to investigate how this person utilizes...
APPLY: Alice and Wayne want their two children to become morally mature, caring individuals. List some...
APPLY: Alice and Wayne want their two children to become morally mature, caring individuals. List some parenting practices they should use and some they should avoid. REFLECT: How would you classify your parents’ child-rearing styles? What factors might have influenced their approach to parenting?
Q76 Besides accounting and financial information, what are some of the other sources of internal secondary...
Q76 Besides accounting and financial information, what are some of the other sources of internal secondary data? [4 Marks] DO NOT WRITE THE ANSWER - USE WORD FORMAT. NO PLAGIARISM ACCEPTED IN THE ANSWER
List a range of stakeholders who might be interested in Google Inc.’s financial accounting information, then...
List a range of stakeholders who might be interested in Google Inc.’s financial accounting information, then do the same for management accounting information. How are these potential interested stakeholders different?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT