Users of Financial Information

Flashcards detailing the different users of financial information and their specific needs.

Investors

People who want to know the profitability and risk associated with their investment in a business.

Employees

Individuals interested in business performance for potential pay raises, bonuses, and job security.

Lenders

Creditors wanting assurance that the business can repay loans on time.

Suppliers

Entities that need to understand payment reliability and potential changes in credit terms.

Customers

Individuals or businesses wanting to ensure that the company remains solvent for continued purchases.

Government and their agencies

Organizations requiring financial information for taxation and regulatory purposes.

General public

The broader audience interested in the company's impact on the economy and community.

Bookkeeping

The process of keeping accurate financial records, which are used to create financial statements.