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Financial statements are important to investors because they can provide enormous information about a company's revenue, expenses, profitability, debt load, and the ability to meet its short-term and long-term financial obligations. There are three major financial statements.
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How do potential shareholders use accounting information?
The shareholders require information on the value of their investment and income that is derived from their shareholding.
Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
Why do shareholders need accounting information?
To decide if they are going to increase or decrease their holding.
What are the purposes of accounting information?
The purpose of accounting information is to provide financial data that will serve as a basis for future decisions. This information is commonly used by business owners and shareholders.
Who uses accounting information?
Many people use accounting information including investors, government entities and shareholders. Since so many people use accounting information, the reports must be accurate.
Who are the direct users of information in accounting?
the shareholders or the owner of the business are the direct users of the account
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
Financial and management accounting?
The Financial accounting is mainly for the people outside a given organization such as the shareholders. The management accounting provides information to the people within a given organization.
Identify the users of accounting information?
there is many users of accounting information in business. they r mainly divided into 2 category .first is internal users i.e employees ,managers,shareholders ,owners the other hand external users i.e suppliers,competitors,lendors,creditors.goverment authority
Any five users of accounting information?
Here are the five users of Accounting 1.shareholders of a company 2.Government 3.Suppliers/ Creditors 4.General public 5.Employees
Is financial accounting cost 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 accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.
Users of accounting data?
Users of accounting data include shareholders, potential investors and suppliers. All of these shareholders want to make sure that the business is profitable before they do business with the company.
