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What Are Uses Of Financial Statement?

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Aisha Profile
Aisha answered
Financial Statement is basically a summary of the financial data of a business. It consists of Balance Sheets, Income Statement, Retained Earnings statement etc. They are used as an information providing tool for decision making about new decisions. It provides information about the available resources of the company and the profitability of the company as a whole. See the link below for more details on the uses of financial statements.
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d ds Profile
d ds answered
The users of financial statements are both internal as well as external. Internal users of financial statements include shareholders, investors and employees. Externally it is useful for customers, government, regulators and lenders or creditors of the company. The financial statements are prepared in such a manner that they can be understood by most of the people as their target audience is the general public.

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