Users of Accounting Information

1. Users of Accounting Information An accounting information system processes financial and operational data into reports. These reports are useful for users of accounting information. The two broad groups of users of accounting information are internal users and external users. 1. Shareholders - Shareholders use the balance sheet and profit and loss account produced by limited companies to decide if they are going to increase or decrease their holding. 2. Management - Management in every level of the business from director level to supervisor level rely on accounting information to do their job properly. They all use the same information for different purposes. For example, directors use it for strategic purposes and middle management can use it to see if they are meeting their financial targets.

2. 3. Suppliers - Along with other data suppliers will look at a company's balance sheet and profit and loss account to see if and how much credit they are willing to give to present and potential customers. 4. Lenders - Similar to suppliers lenders also need to make sure a company is in a healthy financial situation before they start to lend money. ABOUT US In 2019, a team of accounting and finance professionals gathered together to create a digital hub of finance information. So, Explorer Finance was found. Starting with business and finance Articles, explorer finance has been struggling to provide reliable, authentic, and value-added content with its audience. Explorer Finance is primarily focused on serving business individuals and organizations with our well-researched content. Explorer Finance team is knowledgeable about business since they are qualified business professionals, finance writers, and consultants themselves, offering to empower but practical and realistic information. Visit Here For More Information https://explorerfinance.com/users-of-accounting-information/ Social Media