From the course: Accounting Foundations: Bookkeeping
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Who uses financial statements?
From the course: Accounting Foundations: Bookkeeping
Who uses financial statements?
- Okay, bookkeeping is fun. Debits and credits, they're the best. Transaction analysis and posting are the height of entertainment, and all of this leads eventually to the financial statements, but really, who uses the financial statements? - Who? Who, everyone does, or at least everyone who wants to be informed. Key users of financial statements are lenders and investors, the people who provide the capital to a business so that an entrepreneur can turn her or his dreams into reality. - [Man In Blue Shirt] But lenders and investors aren't the only external users of financial statements. For example, suppliers use a company's financial statements. If I'm going to sell to you on credit, then I want to know if you're going to be able to pay me. - So if you're considering entering into a long-term significant supplier relationship, where you're going to be selling on credit to another company, the first thing you're going to do is get their financial statements, do a little analysis just…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.