The free primary users identified by the ISAB are potentialand existing investors, lenders andother creditors (eIFRS, 2018).

The purpose of financial statements for all mainusers is to provide informationabout the financial position, performance and changes in financial position of acompany to give useful information for decision making (Accounting-simplified, n.d.).

In addition to that, primary users need it to assess the ability on howeffectively and efficiently management has discharged their responsibilities touse the entity existing resources (IASPlus, 2010). The potential and existing investors put financial statement to make predictionon their future dividends based on the profits and to find out what thesecurity of their investment is. They want to confirm weather the managers anddirectors took care of the firm wealth (Lecture slides). It helps them to makedecisions about, whether to invest more or sell their shares in the business. Lendersput their financial statement to estimate the ability to be repaid for allloaned founds and connected interest charges (Bragg, 2014). They use theinformation to make decisions about whether to lend more or call in a loan (Lecture slides).

Lenderscan review the financial statements to assess leverage, liquidity, cash flowand solvency (Ross, n.d.).

Creditors are using financial statements to determine the creditworthiness of the company and ensure that the company has the ability to bayback the loan. Another reason why the creditors are interested in financialstatements is to make decision on whether they would want to offer an extracredit to the firm. There are also other possible usersof groups which are not included in the IASB list.

These are: employees, management,government, customers, financial analytics, competitors and wider public. Employeesneed financial statements for assessing the firm’s profitability and stability.They want to know the ability of the firm to pay wages and offer employee benefits.(ACCOUNTINGVERSE,n.d.). Management team use financial statements to understand the profitability,liquidity and cash flows every month, to make operational and financing decisionsabout the company (Bragg, 2014). Government needs financial statements in order to determine the company abilityto pay taxes.

Customers are interesting in financial performance of thebusiness ability to remain its existence and preserve stability of operations (ACCOUNTINGVERSE,n.d.). Financial analytics use financial statement to recognise any suspicioustransactions or fraud in a company. Competitors may use financial statements tocompare their financial condition with rival firms and the knowledge that they havegained could develop strategies to improve their competitiveness (Accounting-simplified,n.

d.). Wider Public could be interesting in the financial statement performanceto assess the effect of a firm in the economy, local community and environment.I think that these groups are not included in the IASB’s listof user groups because they may have find financial statements useful in a generalpurpose, however they are not the groups to which general purpose of financial performanceare mainly directed. Furthermore, I think that they do not include them, because 

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