Owners of the business swill have an interest in its financial performance using net profit as a guide for this.
1 of 5
Managers and Directors
Since managers and directors are responsible for running the business it is important for them to use the information in the statement in order to track progress.
2 of 5
Employees
If employees are seeking a wage increase it is important for them to use data presented in the sheet in order to make their case.
3 of 5
Suppliers
Before a supplier carries out a transaction on a credit basis it is essential to see if they will be able to pay it back. This statement is an effective way to see this.
4 of 5
Government
A business must produce a statement of comprehensive income by law in order to help tax authorities assess how much is owed to the HMRC.
5 of 5
Other cards in this set
Card 2
Front
Managers and Directors
Back
Since managers and directors are responsible for running the business it is important for them to use the information in the statement in order to track progress.
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