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users of financial data

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1) Please provide to me examples of internal and external users of financial data?

2) What are the three types of business activities you will see on a financial report?

3) What are the different types of financial reports you communicate with in accounting, and what do they tell you?

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Solution Summary

This solution provides examples of internal and external users of financial data, outlines three types of business activities that you will see on a financial report, and lists the different types of financial reports you communicate with in accounting.

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Internal users of financial data include the top management, senior managers, employees, etc. External users of financial data include the investors, analysts, etc.

Three types of business activities that one sees on a financial report includes operating activities, investing activities and financing activities.

The different types of financial reports are:

1) Income statement: An income statement is a report that shows how much revenue a company earned over a specific time period (usually for a year or some portion of a year). An income statement also shows the costs and expenses associated with ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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