Users of Financial Statements Flashcards
1
Q
Owners
A
To assess profits and to inform decision making.
2
Q
Employees
A
To ensure their jobs are secure.
3
Q
Inland Revenue
A
To ensure the business is paying the correct amount of tax.
4
Q
Competitors
A
To measure their success against each other.
5
Q
Investors
A
To assess the potential for investment.
6
Q
Lenders
A
To decide whether or not to give a loan.
