Main users of financial reports

users of financial information pdf

General public. User 6. Government Governing bodies of the state, especially the tax authorities, are interested in an entity's financial information for taxation and regulatory purposes. Each group uses accounting information differently, and requires the information to be presented differently.

Employees and their unions. Governments require Financial Statements to determine the correctness of tax declared in the tax returns.

User 4. But, who exactly are these "users of financial statements"? They are nonetheless especially interested in the company's liquidity — its ability to pay short-term obligations.

importance of financial statements to stakeholders

This is especially true if the customer is dependent on a company for specialised supplies.

Rated 8/10 based on 67 review
Download
Users of financial statements