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Who are the external users of financial information?
Category : Accounting | Answer: 1 4 Months Ago

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Any individual or the organizations that have direct or indirect interest in the business firm could be a External users of financial information. Usually external parties does not have direct access to the internal data but they rely on the publically available data published by the organization like Annual report / Financials Statement which consist Income statement / Profit & loss account, Cash flow statement , Balance Sheet and relevant notes related to financials such as Fixed assets, Intangible assets notes etc. External users are creditors, lenders, investors, government, trading partners, regulatory agencies, international standardization agencies, journalists, tax authorities etc.
4 Months Ago
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3 Months Ago