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Share holders and owners need the financial information to see that how company performing and if there is any improvement required it should be done while shareholders needs to see that how company performing whether they should invest more or take out investment already made.
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Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
Owners of business firms are the only people who need accounting information?
False
Why does stakeholders need accounting information?
types of stakeholder and there accounting information needs
Why every users need accounting information?
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
How does accounting information helps research scholars?
They need accounting information to make a study and assess how accounting information affect business organisation.
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.
Owners of business firms are the only people who need accounting information?
False
Business need capital from owners?
Yes or they could have shareholders and or other investors!!!
Why does stakeholders need accounting information?
types of stakeholder and there accounting information needs
Why every users need accounting information?
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
How does accounting information helps research scholars?
They need accounting information to make a study and assess how accounting information affect business organisation.
Why do investors need accounting information?
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
Why do accounting analysts need accounting information?
To perform Financial Analysis on companies
Why do entrepreneur need accounting information?
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 .
Why do employees need accounting information?
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.
How non users can benefit from accounting Practices?
Accounting practices. are the set of activities done by accountants in the field of financial accounting. They are what accountants do, these include recording transactions, Classifying transactions, summarizing transactions, reporting transactions and interpreting reports. The posting of transactions from the source documents to the preparation of income and financial statements takes the large fraction of what accountants do.Users of Accounting Practices. The accountants, financial managers, petty cashiers, auditors, accounting intellectuals, and other related individuals who are knowledgeable and have accounting expertise (i.e qualified accounting personnel) are said to be the users of Accounting Practices.Non-users of Accounting Practices. The group of individuals who wait for the outcomes/results of the Accounting Practices are said to be non-users of accounting practices. Because they lack accounting knowledge, skills and expertise, they are not in a good position to do what accountants do. This means they can not practice and cant be involved in the process of recording transactions, Classifying transactions, summarizing transactions, preparing income and financial statements, reporting transactions, sometimes they might lack the competence to interpret the given financial reports, unless assisted by the qualified accounting personnel.Non-user of accounting Practices include: Customers, general public, potential investors and shareholders without accounting skills.How do they benefit from accounting practices? Accounting information is the outcome of accounting practices, what qualified accounting personnel do ( accounting practices) provide information to enable them make decisions.Costomers. They need accounting information to be able to rely and establish a confidence in the firm they purchase, otherwise they may decide to sacrifice the firm and start a new tie with another company if they observe poor performance in the accounting information at hand.General public. They need the accounting information for social economic needs like employment opportunities, environmental and legal consideration and lawful dealings of the firm. The general public has the obligation of maintaining justice, fair play and balance in respect of the firm in their area.Potential/ present investors and shareholders without accounting expertise. They need accounting information to be able make decisions like, sacrificing more fund for investment into the firm, if it is performing better or withdraw their fund if the firm is performing poor. A good performing company is said to attract new investors and shareholders. The performance of the firm is measured by the financial accounting reports (information) given after the financial accounting practices.
