What is the purpose of the financial statements of a business? 

Identify one internal user of a company's financial statements and one external user. 

Discuss how each group uses the financial statements of the business. 

Do differences exist between the financial statements of a not-for-profit versus an investor-owned business? If so, explain these differences. Finally, of the primary financial statements used in accounting and finance, which statement do you believe managers find to be the most beneficial when making business decisions? 

Explain your rationale for the financial statement that you choose.

Answer rating: 100% (QA)

The purpose of financial statements is to provide useful information to both internal and external u... View the full answer