What are the uses and users of accounting?

Answer 1

Uses of accounting

1. Accounting provides a vital service by supplying the information decision makers need to make reasoned choices among the alternative uses of scarce resources in the conduct of business and economic activities.
2. Evaluation of financial performance by managers, inventors, creditors, government agencies, analysts and other users.
3. Analysis of cash flows.
4. Planning and control of internal operations by decision makers.

Users of accounting -
Existing investors
Potential investors
Managers within the co. and others charged with governance
Government agencies (regulatory and tax, for e.g.)
Debtors
Creditors
Banks
Staff of the co.

Answer 2

Uses Of Accounting

Answer 3

what user of accounting