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Essay text:
I will also explain the use of financial accounting information in making informed and ethical business decisions.
Identifying the Audience
Financial and managerial reports are useful to different users for different reasons; depending on who is in your audience. The users of financial statements include present and potential investor, lenders, suppliers and other trade creditors, governments and their agencies and the public. They use financial statements in order to satisfy some of their different needs for information.
Financial statements and managerial reports provide for investors the risk inherent and the return provided by their investments...
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