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Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
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.
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.
What are accounting programs designed for?
Accounting programs are designed to keep and organise financial information. This information includes employee payrolls, sales and purchases ledgers, bank transactions records and records of suppliers. It is easy to print the information as financial reports.
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 .
Any five users of accounting information?
Here are the five users of Accounting 1.shareholders of a company 2.Government 3.Suppliers/ Creditors 4.General public 5.Employees
Is the field of accounting that develops information for external parties such as stockholders suppliers banks and governmental regulatory bodies.?
Yes, the field of accounting that develops information for external parties is known as financial accounting. It focuses on preparing financial statements that provide a clear picture of an organization's financial performance and position, which is essential for stakeholders like stockholders, suppliers, banks, and regulatory bodies. Financial accounting adheres to standardized guidelines, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS), to ensure transparency and comparability.
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.
