USERS OF FINANCIAL STATEMENTS
USERS OF FINANCIAL STATEMENT
They will use the financial statements in gadging the financial performance of the business.
The management will financial statements in ensuring that the performance of the business is within the set projections
They will use financial statements of a company in evaluating the viability of the business entity.
They will use financial statements is assessing the going concern assumption of the company
Banks will use the financial satatements in evaluating whether of not to grant loan to a company.
To mention just but a few, KRA_Kenya Revenue Authority, KNBS_Kenya Burea of Statistics . These institutions will be interested with Financial performance of the company in assessing Tax Obligation, GDP_Growth Domestic Progression and so on.