types of stakeholder and there accounting information needs
it doesnt actually affect stakeholders
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.
The purpose of providing accounting information is to offer relevant financial data that assists stakeholders—such as management, investors, creditors, and regulators—in making informed decisions. It helps in assessing the company's performance, financial position, and cash flow, thereby facilitating planning, control, and evaluation of business operations. Additionally, accurate accounting information enhances transparency and accountability, promoting trust among stakeholders.
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
it doesnt actually affect stakeholders
Accounting information is regulated because a lot of stakeholders make business decisions based on this information. If it wasn't regulated, business may be inclined to distort the numbers.
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.
The purpose of providing accounting information is to offer relevant financial data that assists stakeholders—such as management, investors, creditors, and regulators—in making informed decisions. It helps in assessing the company's performance, financial position, and cash flow, thereby facilitating planning, control, and evaluation of business operations. Additionally, accurate accounting information enhances transparency and accountability, promoting trust among stakeholders.
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
To perform Financial Analysis on companies
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?
Think of accounting as the language of business. In order to communicate to investors, lenders, boards of directors and other stakeholders, it is critical that one is well versed in the language. Accounting records are the source information for financial statements which are used for many purposes including evaluating a business, making strategic decisions and assessing the health of an organization.
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.
The main aim of accounting is to systematically record, classify, and summarize financial transactions to provide relevant financial information to stakeholders. This information helps in making informed decisions, assessing the financial health of an organization, and ensuring compliance with regulations. Ultimately, accounting facilitates transparency and accountability in financial reporting.