Who are the internal and external users of a company's financial statements? For what purposes do they use this information?
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Who are the internal and external users of a company's financial statements? For what purposes do they use this information?
Internal users could be managers, officers, directors, majority stockholders - to see how the entity is performing, what changes, if any, should be made in operating procedures, marketing, hiring, etc. External users would be creditors, investors, etc, --- to make decisions on granting credit, to invest or not to invest.
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