0
So they can see the business is still profitable -
as if it is not then they, as managers, can do something about it.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the purpose of producing accounting information?
The primary purpose of accounting information is to provide useful information to help people make decisions.Stakeholders of a company are interested in the financial performance of that company, and therefore require accounting information in order to assess the company's well-being.In order for accounting information to be useful, it must be:UnderstandableRelevant/TimelyReliable/VerifiableComparable
How do potential shareholders use accounting information?
The shareholders require information on the value of their investment and income that is derived from their shareholding.
What is the accounting principle that requires accounting information to be based on actual cost and require assets and services to be recorded initially at the cash or cash equivalent amount?
Cost principal
Limitation of accounting information?
The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin
What are theAdvantages of accounting information disclosure?
what are the advantages of accounting information disclosure?
What is the purpose of producing accounting information?
The primary purpose of accounting information is to provide useful information to help people make decisions.Stakeholders of a company are interested in the financial performance of that company, and therefore require accounting information in order to assess the company's well-being.In order for accounting information to be useful, it must be:UnderstandableRelevant/TimelyReliable/VerifiableComparable
How do potential shareholders use accounting information?
The shareholders require information on the value of their investment and income that is derived from their shareholding.
Why senior managers require different types of management accounting information?
to forecast sales trend
What is the accounting principle that requires accounting information to be based on actual cost and require assets and services to be recorded initially at the cash or cash equivalent amount?
Cost principal
Limitation of accounting information?
The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin
Does it require any personal information to start an account on Howrsecom?
Just a unique email address to prevent multi-accounting, but otherwise, no.
Which type of accounting information is intended to satisfy the needs of external users of accounting information?
Financial accounting
What are theAdvantages of accounting information disclosure?
what are the advantages of accounting information disclosure?
What is management accounting information used for?
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
How does accounting information helps research scholars?
They need accounting information to make a study and assess how accounting information affect business organisation.
Where you can download article for Accounting Information System?
accounting information system?
Why does stakeholders need accounting information?
types of stakeholder and there accounting information needs
