Who are the internal users of financial statements?
Internal users of financial statements fall into three main groups: management, owners and, sometimes, employees. In many small businesses, the owners are the managers. The key users of financial information in a partnership, for instance, are usually the partners themselves.
Who are the external users of accounting?
The external users may be classified further into users with direct financial interest – owners, investors, creditors; and users with indirect financial interest – government, employees, customers and the others. I'll leave you a question to help you better appreciate the purpose of and need for accounting.
Who are the most common users of financial statements?
The most common users to the financial statements are listed below: Management of the Company. Investors. Customers. Competitors. Government and Government Agencies. Employees. Investment Analysts. Lenders.