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Employees and their representatives are interested in information about the stability

and profitability of their employers. They are also interested in information that

helps them to assess the ability of the entity to provide remuneration, retirement

benefits and employment opportunities.13 Employees continue to be interested in

their employer after they have retired from work because in many cases the employer

provides a pension fund.

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Q: List and explain the users of accounting information and state their needs?
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State the person who should be interested in accounting information?

state the persons who should be interested in accounting information


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.


What is GASB an abbreviation of?

The abbreviation GASB stands for Govermental Accounting Standards Board. The GASB is the generally accepted accounting principles in each state and throughout the United States.


The meaning of accounting standards?

Accounting as a "language of business" communication the financial results of an enterprise to various interested parties by means of financial statmetns which have to exhinit a "true and fair" view of its state of affairs. Accounting standards which seek to sugest rules and criteria of accounitng measurements, have to keep the set of rules, social needs, legal requirments and technological developmetns in view. Formulation of proper accounting standards, therefore is a vital step in developing accounting as a business lanuguage.


List users of accounting information and state their needs?

There are two types of users( internal and external):-List of internal users:-employeesmanagementshareholders/owners.List of external users :-Those who have economic transactions likesupplierscreditorsbankersfinancial institutionsOthers like:-competitorsgovernment and regulatory agenciesauditorsresearchers and academiciansrepresentatives of others interest like brokers ,underwriters etcpotential shareholders

Related questions

State the person who should be interested in accounting information?

state the persons who should be interested in accounting information


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.


What is the framework of accounting principles?

Depending on where you live, Accounting principles will be set as a standard by your local or state accounting regulator. See the related links for more information.


is there an accounting course available online?

Yes there are many accounting courses available online. You can try http://www.phoenix.edu/information/online-accounting-degree.html as they offer a really good accounting program and are considered an accredited university with many campuses throughout the state.


Explain how information about an element's physical state at room temperature will help you fill in the partial periodic table?

Explain how information about an element's physical state at room temperature will help you fill in the partial periodic table.


What is GASB an abbreviation of?

The abbreviation GASB stands for Govermental Accounting Standards Board. The GASB is the generally accepted accounting principles in each state and throughout the United States.


Where can one find more information about becoming a Texas State Trooper?

One can find more information about becoming a Texas State Trooper through the Texas Department of Public Safety offices. The TxDPS provides information about the training requirements to become a Texas State Trooper.


The meaning of accounting standards?

Accounting as a "language of business" communication the financial results of an enterprise to various interested parties by means of financial statmetns which have to exhinit a "true and fair" view of its state of affairs. Accounting standards which seek to sugest rules and criteria of accounitng measurements, have to keep the set of rules, social needs, legal requirments and technological developmetns in view. Formulation of proper accounting standards, therefore is a vital step in developing accounting as a business lanuguage.


Is there a website that has state by state property tax information ?

A good resource for checking out all kinds of tax informationis http://retirementliving.com/RLtaxes.html. They explain the differences in taxes between each state.


List users of accounting information and state their needs?

There are two types of users( internal and external):-List of internal users:-employeesmanagementshareholders/owners.List of external users :-Those who have economic transactions likesupplierscreditorsbankersfinancial institutionsOthers like:-competitorsgovernment and regulatory agenciesauditorsresearchers and academiciansrepresentatives of others interest like brokers ,underwriters etcpotential shareholders


Where can I view available accounting jobs online for the state of California?

The California State government posts it's jobs listing on www.spb.ca.gov. You simply search for accounting jobs there.


What does the phase 'account for your results' mean?

Accounting for a result simply means providing an explanation of the results. It is one thing to state or report results, but it is another to explain or rationalize or attribute a cause and effect connection with an observation.