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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


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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

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