Who uses financial statements? Do the users use the financial statements for the same purposes? Name one of the financial statements and what it is used for? Do internal and external users use the financial statements for the same thing? Are financial statements used on Wall Street? Most investors use financial statements for investing into companies? Why? Who is the external user that management, in most cases, is most concern about? Hint: they come around each year. Definitely, make comments and posts about the current chapter you are on. Either providing useful information or asking for assistance or help in understanding something. Real-life case: how has COVID affected how companies look at financial statements? Or, has it. Financial statements are used by management and other users to make decisions. Some decisions are in the billions of dollars. Note: financial accounting, at the lower levels, does not involve very complex math: adding, subtraction, multiplication, and division. In higher levels of management, you will get into ratios and percentages, but in most cases, the math is basic.