Economic statements could be employed by distinct stakeholders for a multitude of purposes. Owners and managers call for monetary statements to make significant company choices affecting its continued operations. Economic evaluation is then performed on these statements, supplying management with a far more detailed understanding of the figures.
Personnel will need these reports in producing collective bargaining agreements with the management, in the case of labor unions or for folks in discussing their compensation, promotion, and rankings. Prospective investors make use of monetary statements to assess the viability of investing in a company. Economic analyses are employed by investors and ready by experts (monetary analysts), as a result supplying them with the basis for producing investment choices.