Users of Accounting Information

Accounting is an information system that identifies data sets and communicates this information to the interests of the users in the form of financial statements. These financial statements are the users of accounting information for informed decision-making, because you are the accounts to promote effective and well-organized financial reports makers make more decisions. These financial reports are available to users in two forms, internal and external transfer. Internal financial reports shall be by a person and runs the daily activities of work within the organization manages to be used. Manager Supervisor, Chief Financial Officer available are examples of internal users and their field of work referred to as intra-company accounting.
Deals with management accounting information generated is collected, it is necessary to organize, plan and manage the internal processes of an organization. Management accounting provides detailed information on internal financial reporting to internal users for their enterprise to make decisions. This information is not for outsiders. For example, focused management of ABC company to produce the information on the cost of production of an item, the number of products, such as to produce the product, etc. will be informed by all these details, the accounting management of the want of the ABC Company decision.
External financial reports are used by people and organizations who want to understand the financial accounting. External users are not part of the management of the company, but are interested in the financial accounting on society. External users can get this information through our accounting income statement and cash flow statement. There are many external users, but investors and creditors are the most common of them:

    Creditors are creditors (lenders) gene-rally on the information that is to be examined for the borrower before a large loan as a bank (creditor) information about the debtor with respect to certain criteria would be used focus: the ability of the borrower to repay of the loan, the amount of the assets and liabilities of the debtor, proof of income, tax policy, and so on. Lenders want to make the loan for this detailed information about the accounts of the debtor.
    Investors: Investors gene rally Ooops money based on a person or organization to which a company. Before investing money investors want to know whether to invest or not gene expression, or whether to invest it to start a business hours so that the amount of return they have received for their investments. Investors will decide on the basis of accounting information of these activities.


Other users:

    Supervisory authorities of the state government regulators, such as federal and state agencies and the Securities and Exchange Commission wants What is financial accounting information to investors, organizations or individuals. These regulators want to know the information, that when business organizations under the rules and regulations or business or not investors are able to invest or to make decisions or not. Securities and Exchange Commission wants to accounting information to assess the financial accounting of the companies to sell their shares or borrow money.
    IRS: Tax Authority wants financial information reporting of tax policy, tax laws, the amount of tax payable, etc. of individual or an organization. IRS wants to know financial accounting information to business organizations, the following tax provisions or not, and their ability to have income tax to pay income tax because it is based on the reports of accounting.
    Suppliers and customers, the customers sometimes that you want to know a company on issues such as security, product development, etc. Sun suppliers future objectives of a company, the best material can be used to know in the coming days.
    Employers and trade unions: Employers use accounting information for their own benefit. Accounting information to help employees secure their future benefits from the company such as retirement, health benefits, pension accounting information, etc.. The unions want to know their future salary
Competitors pressure. With accounting information or would like to meet the financial accounting data for their own commercial interests
The information in the records is preparing its financial information to internal and external relationships. Management accounting information. According to which, to lead the internal users of the company to the company and focus on the accounts of information that are needed to satisfy the interests of external users