Financial statement analysis is least useful for:
A) Providing creditors with information on the status of their loans
B) Providing investors with useful information for valuing securities
C) Providing managers with relevant information to help achieve organizational goals
D) Providing the Internal Revenue Service with information to determine the amount of taxes owed

Question

Quizplus · Accepted Answer

Financial statement analysis focuses on the information needs of managers internal to the business, and the needs of creditors and investors. The needs of the IRS are addressed through other reports.

Financial Statement Analysis Is Least Useful For