Find a business within your locality that prepares its own financial statements for the use of both external and internal users. Interview a manager and inquire about the reason why the company prepares its financial statements. Additionally, ask the manager who usually uses the accounting information presented in the company's financial statements. Know how these users utilize the accounting information in making their decisions.write a 500 word essay summarizing your findings and observations.
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The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.
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