Who are the internal users of Accounting?
Posted by Ripon Abu Hasnat on Thursday, May 29, 2014 | 0 comments
Accounting
information helps users to make better financial decisions. Users of financial
information may be both internal and external to the organization.
Internal users of accounting information
include the following:
Management: for
analyzing the organization's performance and position and taking appropriate
measures to improve the company results.
Employees: for
assessing company's profitability and its consequence on their future
remuneration and job security.
Owners: for analyzing the
viability and profitability of their investment and determining any future
course of action.
Accounting
information is presented to internal users usually in the form of management
accounts, budgets, forecasts and financial statements.
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