INTERNAL AND EXTERNAL USER OF FINANCIAL ACCOUNTING
INTERNAL AND EXTERNAL USERS OF FINANCIAL ACCOUNTING. v INTRODUCTION v DEFINITION OF USERS v INTERNAL USERS OF FINANCIAL ACCOUNTING v EXTERNAL USERS OF FINANCIAL ACCOUNTING v SUMMARY Ø Introduction. As discussed earlier in the “ Simple breakdown of Financial Accounting ” we see that Accounting is used to give report to its users. When we talk about Financial Accounting and its uses we mean the detail of an Organization's Asset and Liabilities which helps the users in making decision. Ø Definition of users. Users of Financial Accounting are those that need the analysis of Financial Accounting to know the performance of an organization in order to determine how well an organization is functioning and to predict the future performance of such organization to meet necessary obligations. The users are those that are engaged in the activity of an organization such as Managers, Workers etc. also financing of such organization such as banks, share