Portfolio Activity Unit 1

we predominantly suppose that investors and analysts utilizing the financial data of
organizations to evaluate whether they can invest within the organization or not. But
in actual fact, not only investors who use the financial statements but also
customers, management of the company, competitors, government and government
.agencies, employees, lenders, rating agencies and suppliers
Managers: The major users of financial statements are managers Because they need
such data to perform their work. So far as is known, the financial data is involved in
their decision-making process such as whether to add debt or how to maintain cash
.flow (Sherman, 2019)
Owners: they resort to financial statements to verify the safety of their investment
or the acceptability of the return offered by the company on their money (Sherman,
.2019)
Creditors: creditors might require multiple check your statements to ensure your
.fiscal health before deciding to extend credit (Sherman, 2019)
Lenders. your financial data If you need loan from the bank is required
.(AccountingTools.2022)
Regulators. If your corporation is under publicly traded, you will need to forward the
Securities and Exchange Commission copies of corporation statements
(AccountingTools.2022).
In conclusion, the most mainly data about the organization is its financial statements
which afford a clear description of the fiscal affairs of the company and its
performance which can be compared with the rivals. Therefore, there are many
users who need this type of information to many reasons as mentioned above.

Reference :
References
AccountingTools. (May 24, 2022). Users of financial statements. Retrieved from
https://www.accountingtools.com/articles/users-of-financial-statements.html

Sherman.F.( October 22, 2019). Who Are the Internal & External Users of a
Company's Financial Statements?. CHRON. Retrieved from