Question

Uses of Financial Statements
(1) Management 2.investor 3.creditors 4.employees 5.government 6.tax determination 7.other parties exlain the points​

Answer 1

Explanation:

Financial statements and reports are prepared from the output of the accounting function produced by the accounting and then communicated to the financial analysts as the users of the financial statements. The function of the financial analyst begins in terms of the termination of the accountant's post to complete a substantial financial function of the entity's functions related to the accounting function and not separate from it. The function of the financial analyst is based on the analysis of the financial statements, which is one of the main tools used in the financial and economic decision-making by the various parties related to the entity such as management, employees, investors, shareholders, lenders, customers, the government and the public in general. The analysis of the financial statements includes a set of basic and useful topics that the student can understand. The most prominent of these topics are the theoretical framework of financial analysis, the study of financial statements, the statement of funds flows, the cash flow statement and financial analysis by using financial ratios and prediction financial failures of companies and banks. This book was prepared in a simplified methodology for the student and the reader to ensure the translation of terms and titles and some important texts into Arabic, as well as that the topics of the book were based on syllabus approved by the Sectoral Committee of the Faculty of Management and Economics in the Ministry of Higher Education and Scientific Research. We hope that the modest scientific effort in this book will ensure the acceptance and satisfaction of students and readers to take advantage of practical and professional life.