Although accounting information is used by a wide variety of external parties, financial reporting is primarily directed toward the information needs of:

Question

Quizplus · Accepted Answer

Financial reporting is primarily directed towards the information needs of investors and creditors. This includes information such as financial statements, which provide information on a company's financial health and performance, and disclosures on potential risks and uncertainties. While other external parties may also use accounting information, they are not the primary audience for financial reporting.

Although Accounting Information Is Used by a Wide Variety of External