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Groups of people interested in accounting information

 

Following are the groups of people interested in accounting information:
 

(i)        Owners – To know the progress of Business
 

(ii)      Management – For Decision Making, Profitability
 

(iii)    Employees – For Hike in their salaries if business is earning good profits
 

(iv)    Investors – Safety and Appreciation of Money
 

(v)      Creditors – To Know credit worthiness, so that goods can be supplied in future
 

(vi)    Government – For compliance with law (particularly Taxes).
 

(vii)  Researchers – Research on the business and industry as a whole. A Basis for the future decision relating to that particular business or industry.

 





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