Q:

Who are the typical users of accounting information?

A:

Almost anyone could be considered a typical user of accounting information. In businesses, the finance department and executives are privy to this information, as it informs them how the business is performing financially and what the costs are in a company.

Consumers and the public in general can also be users of accounting information. Consumers and businesses can use accounting information to determine who to do business with. Creditors may also review accounting information before granting approval for a company's loan or credit card application. Investors are also interested in accounting information, as it tells them whether a company is a safe investment.


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