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users of accounts (Managers (supervise performance of each product…
users of accounts
Managers
- supervise performance of each product available
- help in decision making, and if there are enough financial means for said decisions
- compare profit to other years and other businesses
shareholders
- to see the profit or loss of a business to help decision making in how much they will invest
- see what the flow of cash is like/ which time of the year the company the most profitable
creditors
- total value of debts==> see how fast they could get paid back too
- helps to decide if they want to work with some businesses at all if the liquidity results aren't satisfactory
banks
- background information on the business to see if they can have a loan, interest, time frame, etc
government
- for the tax office: profit tax
- for unemployment office: see how stable the business is to support all its workers, or whether some may need governmental support soon
workers and trade unions
- fact check managers if they do not offer financial bonuses and raises, to see if it is a credible claim or could be made possible
- whether the work place is suitable for the financial security needs of workers
other businesses
- to compare the performance of the business to competitors