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shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
types of stakeholder and there accounting information needs
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
They need accounting information to make a study and assess how accounting information affect business organisation.
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
types of stakeholder and there accounting information needs
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
They need accounting information to make a study and assess how accounting information affect business organisation.
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
To perform Financial Analysis on companies
Entrepreneurs need to have accounting and financial information to determine the feasibility of their business. It is also important to know if what you are doing is profitable .
Internal users with information are managerial accounting is to provide relevant and timely information for managers' and employees' decision-making needs. (private accounting) External users of accounting information include customers, creditors, and the government. These users are not directly involved in managing and operating the business are call financial accounting. Their job is to provide relevant and timely information for decision-making needs of users outside of the business. 1. managerial accounting and financial accounting
employees need accounting information to analyze the profit so as to determine their part of bonus and further identify the health of the corporation where they work.
Auditors need accounting information because their job is to compile the information and make sure it is accurate. Auditors make sure the numbers add up which is extremely useful information to know.
managerial accounting
There are a number of reasons why your need to study accounting information system. This will help you move with technology and be able to apply your accounting skills in a digital world.