Who are internal and external users of a company's financial statements?

Question

For what purposes do they use this info?

Answer 1

Internally financial statements are used to compare against budget to see how the company is doing, and to see which areas of the company are doing well. For large companies, however, there tend to be a large number of accounting entries that have little impact on day to day operations.
Externally they are used by investors to determine if the company is a good investment. They are also used by banks to determine if the company is credit-worthy for new loans or following the terms of existing loans. Typically external parties like to focus on audited financial statements