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Name the different parties interested in accounting information and explain?
Wiki User
∙ 9y ago
The different parties include:
1 - Shareholders
2 - Management
3 - Employees
4 - Investors
5 - Creditors
6 - Government
7 - General Public
8 - Competitors
Wiki User
∙ 9y ago
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List and explain the users of accounting information and state their needs?
Employees and their representatives are interested in information about the stability and profitability of their employers. They are also interested in information that helps them to assess the ability of the entity to provide remuneration, retirement benefits and employment opportunities.13 Employees continue to be interested in their employer after they have retired from work because in many cases the employer provides a pension fund.
List and explain users of accounting information?
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Why do accounting systems of different countries differ?
Accounting systems of different countries differ because accounting is shaped by the environment in which it operates. Each country's accounting system has evolved in response to the local demands for accounting information. Because of globalization of capital markets, the lack of comparability has become a problem as transnational financing and transnational investments have grown rapidly in recent decades. Due to the lack of comparability, a firm may have to explain to investors why its financial position looks very different on financial reports that are based on different accounting practices.
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List and explain the users of accounting information and state their needs?
Employees and their representatives are interested in information about the stability and profitability of their employers. They are also interested in information that helps them to assess the ability of the entity to provide remuneration, retirement benefits and employment opportunities.13 Employees continue to be interested in their employer after they have retired from work because in many cases the employer provides a pension fund.
List and explain users of accounting information?
Following are users of accounting information:bankgovernment institutionscreditorsinvestorsgeneral publicshare holders etc
Explain management information system taking university as an example?
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Why do accounting systems of different countries differ?
Accounting systems of different countries differ because accounting is shaped by the environment in which it operates. Each country's accounting system has evolved in response to the local demands for accounting information. Because of globalization of capital markets, the lack of comparability has become a problem as transnational financing and transnational investments have grown rapidly in recent decades. Due to the lack of comparability, a firm may have to explain to investors why its financial position looks very different on financial reports that are based on different accounting practices.
Define book keeping and explain how it differs from accounting?
which is different from accounting,refers to the mechanical aspects off accounting, such as recording,classifying,and summarising transactions.bookkeeping is therefore a part off accounting....
How do you explain discounting of accounting policies?
Explain discounting of accounting policies
Explain the reasons for using ratios as a means of explaining accounting information?
Ratios are used in accounting to provide a comparative analysis of financial data. They allow for easy interpretation and comparison of numbers across different time periods or between companies. Ratios also help identify trends, assess financial health, and identify areas of strength or weakness within a company. Overall, ratios provide a simplified way of conveying complex financial information.
Explain cost center in the context of Cost Management Accounting?
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Accounting is often referred to as "the language of business."
