Primary Users of Financial Statements?

Answer Financial statements are published for investors and potential investors. They are also published for internal record, external record, tax and legal purposes and as support for creditors when appl... Read More »

Top Q&A For: Primary Users of Financial Statements

How to Forecast Financial Statements Using the Forecasted Financial Statements Approach?

Most people remember hearing the story about a genie in a bottle as a child. This genie offers the finder of the magic lamp three wishes. For the investment analyst, one of those three wishes would... Read More »

How Do General Purpose Financial Statements Help Achieve the Objectives of Financial Reporting?

General-purpose financial statements target a diverse audience, telling readers how well a company navigated the economic ups and down over a given period -- say, a quarter or fiscal year. These s... Read More »

How to Consolidate Financial Statements?

Major corporations need to understand how to consolidate financial statements in order to accurately represent financial results for investors and other business purposes. When one creates an empir... Read More »

How are financial statements interrelated?

Financial statements are detailed summaries of a business's financial activities during a designated span of time. The basic types of financial statements build upon one another to provide informat... Read More »