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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

2 years ago

Answered by Rufaro, a GCSE Accounting tutor with MyTutor


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Ameena B.

Degree: Management (Bachelors) - Manchester University

Subjects offered:Accounting, Sociology+ 2 more

Accounting
Sociology
Maths
Business Studies

“Third year Management undergraduate at The University of Manchester. Passionate about business and looking to tutor at a range of levels, including GCSE and A-level to help achieve desired grades.”

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Modupeola A.

Degree: Accounting and Finance (Bachelors) - Edinburgh University

Subjects offered:Accounting, English Literature+ 4 more

Accounting
English Literature
Economics
Business Studies
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“I am a part-time tutor studying Accounting and Finance at the University of Edinburgh. I look forward to working with you to achieve your target grades. ”

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Viktoriya L.

Degree: accounting and finance (Bachelors) - LSE University

Subjects offered:Accounting, Russian+ 5 more

Accounting
Russian
Maths
Mandarin
History
Economics
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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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