to know the business performance. to consider whether to invest or not
the shareholders or the owner of the business are the direct users of the account
The information system that identifies, records, and communicates the economic events of an organization to interested users.
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
Following are users of accounting information:bankgovernment institutionscreditorsinvestorsgeneral publicshare holders etc
Direct users of accounting are the company's management and employees who use financial statements for decision-making. Indirect users are external parties like investors, creditors, and government agencies who rely on financial reports for evaluating the company's performance and financial health. So, in a nutshell, everyone and their grandma are peeking at those numbers to see if the company is worth its salt.
the shareholders or the owner of the business are the direct users of the account
Whoever uses a telephone.
The information system that identifies, records, and communicates the economic events of an organization to interested users.
manager owners
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
of accounting principles
Following are users of accounting information:bankgovernment institutionscreditorsinvestorsgeneral publicshare holders etc
External Users of accounting information are NOT directly involved in running the organization. Internal Users of accounting information are those individuals directly involved in managing and operating the organization.
The GAO : Government Accounting Office for one ,
It depends whether or not you differentiate between 'users' and 'preparers' of accounting information.Normally accountants are the preparers of accounting information. The users are people that use the information (for investment decisions, evaluating management effort). The main group of users of accounting information for listed companies are investors.Stating that accountants are the primary users of accounting information is similar to stating that bakers eat most of their bread.