Users Of Accounting Information System
Users of accounting information.
Users of accounting information system. Shareholders of a company. External users are people outside the business entity organization who use accounting information examples of external users are suppliers banks customers investors potential investors and tax authorities. This financial data is useful for users of accounting information system for reporting the financial information to owners shareholders managers prospective investors creditors bankers and other lending institutions government etc. The following are the users of accounting information system.
Internal users are people within a business organization who use financial information examples of internal users are owners managers and employees. It acts as a bridge between users of the information and the day to day transactions that occur inside a business. Accounting is the language of business it brings life to the otherwise lifeless business activities. Company s shareholders are the real owners of a business and needs information from those that manage the business on their behalf.