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Who are the internal users of accounting data? How does accounting provide relevant data to the...

Who are the internal users of accounting data? How does accounting provide relevant data to the internal users?

Provide an essay answer, please.

Business   Accounting   
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Answer #1

Internal users of accounting data are Owners, Managers and Employees of the business organizations.

Owners gets the information about profitability or performance of the organisation from the accounting data, they are more concrrned about return on their investment and growth of the business organizations. They can get relevent informations for that from the financial records.

Managers need some more detailed financial data to to make importent decisions and they also can get useful data from the accounting records.

Employees are concerned about their fair and timely payment of remuneration and improvement of their pay. They also gets all their required information from the financial or accounting data.

Thank you..!!

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