Interviewer: Why do companies need these statements Andriy Tatarchuk Company statements are prepared annually or twice a year They are there to reflect the work of the company within specific periods of tme. The company prepares these statements for internal use by the company itself and also for external users. The top management and the shareholders of the company use the statements to evaluate its performance over a certain period of time. Management can see how the company has performed in the current period and in the previous periods and see if it has to find ways to improve or increase its performance, or sometimes solve certain company problem if they are visible through the financial statements. Shareholders at the same time can spot positive or negative trends in the company. They make a different sort of analysis they look at the statements in a different way to the management, in order to make future investment decisions: whether to buy more shares in the company or whether they have to sell shares. External users of the company financial statements are possible future investors as well as tax authorities and other government regulatory bodies that check the finances depending on the sphere of activity in which the company operates.