Final answer:
Yes, managers and directors of a business are considered users of the financial statements. Financial statements provide important information about the financial health and performance of a company, which is crucial for managers and directors to make informed decisions and evaluate the success of their business strategies.
Step-by-step explanation:
Yes, managers and directors of a business are considered users of the financial statements. Financial statements such as the balance sheet, income statement, and cash flow statement provide important information about the financial health and performance of a company, which is crucial for managers and directors to make informed decisions and evaluate the success of their business strategies. For example, managers may use financial statements to analyze trends in revenue and expenses, assess the profitability of different product lines, make investment decisions, and monitor cash flow.