Users of accounting information
Users of financial information include existing and potential investors, lenders and other creditors, as well as other interested parties. Investors may assess returns and risk; lenders assess the ability to pay interest and principal. Employees, regulators and customers can also use public information for their own purposes. Different users' questions explain why performance, position and cash flows are all useful. No single report can satisfy every specific information request made by every user.
Worked example
A lender examines liquidity and repayment capacity before providing finance.
Common mistake
General-purpose reports primarily address investors, lenders and other creditors; management also has access to internal information.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Supporting | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | K1 | Direct | July 2027–August 2028 |
| CIMA | BA2 | Direct | Official assessment-window verification pending |
| CIMA | BA3 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
