First of all, you know you can find the answer on internet, why are you not finding it yourslef.
Secondly, preapproved everything before you submit anything in the future.
Third, according to you, you know the answer alreday, why ask?
AND Finanlly, here is the answer,
Financial report can help the owners ( shareholder) determinding management's performance ( and this is depanding on what type of organization is this company; there are three type of bussiness organization: sole, partner, and croporation). To management, a financial report can be use to forcasing future earning, and company's annual performance, financial report have a huge impact on future management decision making. Finally, financial report can help investors with decision making of investing this company or not ( however, not only investors using a company's financial report, creditor use it too. such as a bank, or any type investing company; before those future creditor lending money to any company, a WACC, BP, NVP, PV, FV... has been very well caculated alreday.
I am ready to go home, I am sure so mistake has been made, if you need any further help let me know.