Who Includes Users of Financial Statements? Check out the information here!

Users of financial statements - This accounting is the process of identifying, recording and communicating the economic transactions of an entity. Generally there are three activities in this accounting. These activities are identification, recording and communication activities. This financial accounting will produce what is called a financial report.

This financial report will be prepared once a year. The report is to meet the needs of a large number of users. Some users need and also have the right to be able to get additional information that is not included in the financial statements.

This complete financial report includes a balance sheet, income statement and also a statement of changes in financial position. There are several users of financial statements that you should know, such as the following:

Investors

The first users are investors. These investors are risky investors. These investors have an interest with the risks inherent in the development of the investment returns they invest. Investors must have information in order to be able to determine whether to buy, hold or sell the investment. Investors or shareholders can also assess the company's ability to pay dividends through financial reports.

Employees

There are also users of these financial reports from the employee side. This employee is a group which represents them with information about the stability and profitability of the company. They are interested in information that allows them to assess the company's ability to provide services. Employees are also interested in information related to post-employment benefits and opportunities for employment.

Suppliers and Creditors

These suppliers and creditors are very interested in financial reports. They are interested in information that allows them to decide whether the amount will be paid at maturity and so on. The creditors of this business also have an interest in the company.

Customer

Customers have an interest in information related to the company's business continuity. Customers need financial reports when they are involved in long-term agreements. These customers also have a dependency on the company.

Public

The next users of financial reports are the public. Companies can influence society in a number of ways. For example, a company can contribute to the national economy. Includes the number of people employed under protection to domestic investors.
Financial reports can help the public in providing information related to trends. Apart from that, there is also the latest development from the company's prosperity to its series of activities.

Government

This government is an institution whose power has an interest in resources. Apart from that they have an interest in the company's activities. They need information to be able to regulate company activities and establish tax policies. This information is also used as the basis for compiling national income statistics.

Lenders

The financial reporting function of these lenders provides financial information that enables them to decide whether a loan and interest is being paid at maturity.

The financial statements that are made must be fast and accurate in addition to providing real or real time data. To realize accurate financial reports and the data presented is real time, you can use accounting software where with this software you can record every transaction process quickly and accurately.

What's amazing is that this software can make accurate reports because the data used to compile reports is real time, you can use a proven quality accounting software solution from SOLTIUS with the best features your business can take advantage of, we are the best IT provider company and Professional, with our business solutions you can create quality reports in accordance with the expectations of users of financial reports, contact the contact for more information.

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