statements

using a real life example explain in 100 words how financial statements (balance sheet,stockholder's equity statement, income statement, and cash flows statement) are beneficial to your employer or household? How are these documents helpful to internal and external users of the organization? Use a Fortune 500 companies or a personal business of your own to aid in your response to the questions.

example: For instance, financial statements are beneficial to me and my husband to maintain our household budget. Since purchasing a house, we find financial statements not only help us to monitor our expenses, but also to assist us with our personal income taxes.

Another example is General Electric, they are currently planning to invest $10B on a new project. More than likely financial statements were derived for finance managers to determine if such investment is profitable.