One of the reasons why we need accounting is to be organized in our business :D
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
Organizations need management accounting so that managers can know how their departments are performing. Without managerial accounting, managers will be operating in the dark.
types of stakeholder and there accounting information needs
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
They need accounting information to make a study and assess how accounting information affect business organisation.
sir i have a question that.. why we need accounting in business or what is the need of accounting in business
accounting is basic math so you kind of need it to do accounting
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
Organizations need management accounting so that managers can know how their departments are performing. Without managerial accounting, managers will be operating in the dark.
types of stakeholder and there accounting information needs
To perform Financial Analysis on companies
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
They need accounting information to make a study and assess how accounting information affect business organisation.
To be an accountant, you need a bachelor's degree and at least 8 accounting courses (24 credits in accounting).
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 .
managerial accounting
Basic accounting is a requirement for all business majors.