Stockbrokers use financial statements of publicly-traded companies to make recommendations to their clients.
The financial statements included in the annual report to shareholders do not contain enough detail for internal managers in charge of operating activities. Managers need internal reports that give them the details about the effectiveness and the efficiency of operations, so they can make the necessary day-to-day decisions.
Competing businesses use financial statements of their competitors to analyze how well they are doing versus the competition.
Bankers use financial statements of both publicly-traded companies and private companies to make loan decisions in response to loan requests from the companies.
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