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Competitors need or use accounting information to known if the person that they are competing with is gaining more money than them to known if he or she should work harder,put more effort or relax a little.
Reuben Emmanuella
Funke Monebi
Funke Monebi
Funke Monebi
Funke Monebi
Wiki User
∙ 14y agoCompetitors need accounting information mainly for strategic purposes e.g information on the strengths and weaknesses of their competition
They also use the information given in financial statements to compare their own performance with that of the other entity.
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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.
Where is the information needed to determine whether a company is using accounting methods similar to those of its competitors?
auditor's report
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 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.
Where is the information needed to determine whether a company is using accounting methods similar to those of its competitors?
auditor's report
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 .
Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
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.
Why do auditors need accounting information?
Auditors need accounting information because their job is to compile the information and make sure it is accurate. Auditors make sure the numbers add up which is extremely useful information to know.
The area of accounting that provides managers of an organization with information they need to make decisions is called?
managerial accounting
Why study accounting information system?
There are a number of reasons why your need to study accounting information system. This will help you move with technology and be able to apply your accounting skills in a digital world.
