Users of accounting information
Accounting
is the language of business, it has both the massage and the
audience. There are 8 different audiences which share a common
desire for information about the economic resources of an
organization.
1)Owners;
2)Managers and other operations personnel; 3)creditors; 4) employees
and labor organizations; 5)customers; 6)taxation authorities; 7)
regulatory agencies; 8)information agencies
Accounting
for the economic resources controlled by an organization and
reporting on the their use to all interested parties are vital
tasks. They are essential for both profit-making business ventures
and nonprofit organizations. Also those 8 audiences have different
needs for abilities to obtain some kind of information. For example:
Managers need very detailed information to plan and control an
organization's human and material resources effectively. The list of
different information needs could easily be made for other users on
the list.
