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Internal and External Users of Accounting Information
Users of Accounting Information There are two types of users of accounting information and they are External Users InternalUsers ▪ ▪ 2
1. Internal users of accounting information
Hello! Let’s Discuss the main and major points of internal users of accounting information 4
Internal users of accounting information Managers Busienss manager one of the internal user of accounting information. Finance Directors A finance director should use accounting information for busienss resurch to reach business goal. 5
Internal users of accounting information Company officers Acctually company officers need to use accounting information because of company progress reserch. Production supervisors Accounting information impact productivity. So, production supervisors uses accounting information. 6
2. External users of accounting information
Let’s discuss the External users of accounting information 8
External users of accounting information Investors Creditors Tax authority Externaly investor uses accounting information to take investment decisions. If someone want to give credit to busienss, he or she definetly use accounting information to ensure to get his/her credit return. Tax authority use accoounting information to know proper tax collection. 9
External users of accounting information Regulatory agency Labor unions Customers Regulatory agency sometime uses accounting information. Leaders of labor unions also use accounting information. Yes, you are right customers is also a user of accoounting information. They need to know are they get proper service and warenty or not. 10
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