Question

User of financial statement includes ___________.

• A. Management
• B. Creditors
• C. Bankers
• D. All of the above

Answer 1

Answer: (D)

Financial statements are reports prepared by a company's management to present the financial performance and position at a point of time. A general purpose set of financial statements usually includes a balance sheet, income statement, statement of owner's equity and statement of cash flows.

There are various different users of financial statements, each with different information needs. Users of financial statements are management, creditors, bankers, suppliers, investors etc.