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Who may be interested in viewing a company's balance sheet/ financial statement?

A financial statement/balance sheet is a summary of the business or organisation's assets, liabilities and capital at a certain point and time. Some may describe it as a "snapshot" of the the organisation's financial position.

Creditor (bankers) will be interested in viewing a company's financial statement as they will want to determine whether the company qualifies for additional credit or loans. Others who may be interested in viewing a company's financial statements are potential investor (to see how profitable the company is), the company's management team (to compare with previous years and keep track of company growth) and competitors (to compare the performance of other companies in the same industry).

Rufaro M. GCSE Accounting tutor

1 year ago

Answered by Rufaro, a GCSE Accounting tutor with MyTutor

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Viktoriya L.

Degree: accounting and finance (Bachelors) - LSE University

Subjects offered: Accounting, Russian+ 5 more

Accounting
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“Hello, My name is Viktoriya. I am a first year student at the London school of Economics and Poliical science studying accounting and finance. I am passionate about maths and finance in particular and wish to convey this passion to yo...”

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Rufaro M.

Degree: Accounting and Finance (Bachelors) - Durham University

Subjects offered: Accounting

Accounting

“Hi, my name is Rufaro and I am a second year Accounting and Finance undergraduate at Durham University. Having grown up in a home where both my parents are entrepreneurs, I was nurtured to understand business concepts at an early ag...”

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