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Purpose
This Executive Report summarizes a series of interviews with preparers of financial
statements and commercial and investment bankers that sought to answer the
question, what do users of private company financial statements want? It has been
prepared with Financial Executives International’s Committee on Private Companies
for FEI members and others and has been sponsored by the NFIB Research
Foundation.
Executive Summary
The following themes emerged from the interviews:
Internal Management
• Internal managers receive financial and operating information for their businesses.
• This information is not in the format of full-disclosure, financial statements prepared
according to generally accepted accounting principles (GAAP).
• Operating information is provided on both a weekly and a monthly basis.
Bankers
• Banks want annual audited GAAP financial statements for accuracy and
comparability, and they also want quarterly financial statements.
• Other......

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Approximate Word Count: 10302
Approximate Pages: 42 (250 words per double-spaced page)

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