Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
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?
Many people use accounting information including investors, government entities and shareholders. Since so many people use accounting information, the reports must be accurate.
External users of accounting information (especially investors) use accounting information like annual and quarterly reports to base their investing decisions on, and to compare different companies.Understandability This implies the expression, with clarity, of accounting information in such a way that it will be understandable to users - who are generally assumed to have a reasonable knowledge.
types of stakeholder and there accounting information needs
these are daily or day to day people dealing with accounting information these includes -the managers -prospective buyer -investors -Business Owners etc.
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
Many people use accounting information including investors, government entities and shareholders. Since so many people use accounting information, the reports must be accurate.
External users of accounting information (especially investors) use accounting information like annual and quarterly reports to base their investing decisions on, and to compare different companies.Understandability This implies the expression, with clarity, of accounting information in such a way that it will be understandable to users - who are generally assumed to have a reasonable knowledge.
types of stakeholder and there accounting information needs
these are daily or day to day people dealing with accounting information these includes -the managers -prospective buyer -investors -Business Owners etc.
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.
External users of accounting information (especially investors) use accounting information like annual and quarterly reports to base their investing decisions on, and to compare different companies with one another.Internal users of accounting (mostly managers) use internal accounting information in order to plan for the future.Therefore accounting information is not only vital to the one's individual business or investments but is also of great benefit to the wider society and the world at large. In addition to which this will allow each country to organize their funds in a more systematic approach as such making room for development of one's country and the upward social mobility of the people of that specifis country. In all simplicity, accounting information prepares us for the future.
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 .
To check and to provide the performance of the company , to give information to investor for investors; accounting the value growth in the trade market:
1 - Owners 2 - Creditors 3 - Financial institutions 4 - Investors 5 - Public