Accounting Assignment Help – Different user of information

Accounting is a means by which necessary financial information about business enterprise is recorded and communicated and is also called the language of business. Many different users need information in order to make important decisions. These users can be divided into two classes’ internal users and external users.

Internal users are Chief Executive, Financial Officer, Vice President, Business Unit Managers, Store Managers, Line Supervisors, etc. External users are present and potential Investors shareholders, and also Creditors, Tax Authorities, Regulatory Agencies, Labour Unions, Trade Associations, Stock Exchange and Customers, etc. Since the primary or basic function of accounting is to provide useful information to stakeholder for decision-making that is helped by the availability of accounting information.

The owners and shareholders use them to see if they are getting a satisfactory return on their investment in organisation, and to assess the financial position of their company business. The directors and managers use them for making both internal and external comparisons in their attempts to evaluate financial performance.

They may compare the financial analysis of target company with the industry figures in order to find the company’s strengths and weaknesses. Top Management is also concerned with ensuring that the capital invested in the company/organisation is generating sufficient return and that the company/organisation is able to pay its debts and remain solvent.

The different type of creditors want to know if they are likely to get paid and concerned particularly at liquidity, which is the ability of the company or organisation to pay its debts as they become due.  The prospective investors use them to assess whether or not to invest their money in the  company/organisation.

The government and legal and regulatory agencies such as Registrar of companies, Custom departments ,RBI, etc. require different information for the payment of various taxes.

Accounting Assignment Help is not a easy task for even expert tutors as complexity of subject and level of problem is increasing day by day. Accounting homework help also makes easy the concepts of accounting for students