Question 3.2 There are different users of financial statements and each category of user has a certain desired objective and goal. Identify and briefly discuss the five users of financial information (10 1

Discuss what the three main financial statements are and what they tell you. What do financial statement readers look for (e.g., risk, return, financial strategy, performance}? Discuss some of the interrelationships between the three main financial statements.

Describe the basic financial statements , their purpose and their importance to various internal and external users. Clearly discuss which users are most interested in which financial statement and why.

What are the two essential characteristics of usefulfinancial information? What other characteristics enhancethe usefulness of financial information?

List three basic financial statement analysis procedures, describe how you would calculate each procedure and discuss why you would use each procedure

Who are the various users of Financial Statements?