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The most broadest answer is "investment decision" because any decisions made around accounting information/businesses etc is generally an investment, or the sorts.
You might make a decision to invest in the business - as a potential shareholder.
You might, as a manager, make decisions whether or not an action is viable, or not.
You might make a cost cutting decisions, and pretty much any other business decision - should we change insurers? how is our advertising scheme going? how can we increase productivity? is this worthwhile? how much tax do we have to pay? are we doing things legitimately?
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Who are the user of accounting information system?
Following are the users of accounting information systemmanagementemployees etc.
Is employee an external user of accounting information?
External ueser
What is most likely to be a user of information in a managerial accounting setting?
Creditors
What are the advantage of computerized accounting system?
Faster and efficient in processing of information;Automatic generation of accounting documents like invoices, cheques and statement of account;With the larger reductions in the cost of hardware and software and availability of user-friendly accounting software package, it is relatively cheaper like maintaining a manual accounting system;More timely information can be produced;No more manual processing of the data- all automatically been posted to the various ledgers/accounts andMany types of useful reports can be generated for management to make decisions
Who are the user's of accounting information?
The users of accounting information include tax specialists, bookkeepers, and most business owners. Accounting information is also used by the IRS and the federal government.
Why accounting is called the language of business?
Because it communicates financial information, accounting is often called "the language of business." The information that a user of financial information needs depends upon the kinds of of decisions the user makers. The differences in the decisions divide the users of financial information into two broad groups: internal users and external users.
Who are the user of accounting information system?
Following are the users of accounting information systemmanagementemployees etc.
Is employee an external user of accounting information?
External ueser
Who are the user of information system?
Following are the users of accounting information systemmanagementemployees etc.
What is most likely to be a user of information in a managerial accounting setting?
Creditors
What are the advantage of computerized accounting system?
Faster and efficient in processing of information;Automatic generation of accounting documents like invoices, cheques and statement of account;With the larger reductions in the cost of hardware and software and availability of user-friendly accounting software package, it is relatively cheaper like maintaining a manual accounting system;More timely information can be produced;No more manual processing of the data- all automatically been posted to the various ledgers/accounts andMany types of useful reports can be generated for management to make decisions
Who are the user's of accounting information?
The users of accounting information include tax specialists, bookkeepers, and most business owners. Accounting information is also used by the IRS and the federal government.
How are cost accounting and financial accounting similar?
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
User of accounting information?
these are daily or day to day people dealing with accounting information these includes -the managers -prospective buyer -investors -Business Owners etc.
Who is primary user of management accounting information are?
Management and directors will use them to determine how well the company is doing and where to go from there.
What is creative accounting?
It is "thinking outside the box" when such practice is not permitted. Creative accounting is actually a good description of the practice, as it tends to "create" a picture that is not technically correct from the perspective of the information's intended user.
Disadvantages of financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,... Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
