respond to this post, do not repeat what he has:- Financial information is important for various stakeholders, and each uses it differently depending on their role or position within the company (Edmonds et al, 2024). I will focus on the needs of management and vendors for this post, and how they use financial data to make informed decisions. Management: Management depends on financial information to make decisions that impact the company's performance and future direction. Managers use financial statements like the income statement, cash flow statement, and balance sheet to have a clear understanding of how the company is doing. They tend to focus on details such as cash flow, profit margins, and operating expenses to understand what the company is doing well and where adjustments might be needed. It also helps management set budgets, cut unnecessary costs, and make informed decisions about investments or new business opportunities. Additionally, managers use financial information to assess profitability, evaluate operations, make borrowing decisions, determine asset purchases or sales, and ensure accurate tax obligations (Introduction and Definitions, 2002). Their goal is to ensure the company remains financially stable and competitive. Vendors: For Vendors, financial information is important, but they approach it from