To perform Financial Analysis on companies
types of stakeholder and there accounting information needs
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
They need accounting information to make a study and assess how accounting information affect business organisation.
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
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 .
To perform Financial Analysis on companies
types of stakeholder and there accounting information needs
Accounting users need accounting information in order to give them the true state of their financial transaction and records.
They need accounting information to make a study and assess how accounting information affect business organisation.
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
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 .
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
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.
Internal users, such as management and employees, need accounting information to make informed decisions regarding budgeting, performance evaluation, and strategic planning. External users, including investors, creditors, and regulatory agencies, require this information to assess the financial health and stability of the organization, make investment decisions, and ensure compliance with laws and regulations. Overall, accounting information serves as a critical tool for both internal and external stakeholders to understand and evaluate the financial position and performance of a business.
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.
managerial accounting
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.