these are daily or day to day people dealing with accounting information
these includes
-the managers
-prospective buyer
-investors
-Business Owners etc.
users users users users
Following are the users of accounting information systemmanagementemployees etc.
External ueser
Creditors
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.
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Following are the users of accounting information systemmanagementemployees etc.
External ueser
Following are the users of accounting information systemmanagementemployees etc.
Creditors
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.
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
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.
Management and directors will use them to determine how well the company is doing and where to go from there.
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.
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
The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin
Financial accounting