Question

importance of user accounting information​

Answer 1

Explanation:

The ultimate goal of accounting is to provide information that is useful for decision-making. Users of accounting information are generally divided into two categories: internal and external. Internal users are those within an organization who use financial information to make day-to-day decisions.

Accounting provides companies with various pieces of information regarding business operations. It is often conducted by a company's internal accounting department and reviewed by a public accounting firm. Small businesses often have significantly less financial information recorded during the accounting process.

However, business owners often review this financial information to determine how well their business is operating. Accounting information can also provide insight on growing or expanding current business operations.

Answer 2

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Owners – Owners use theaccounting information for analyzing the viability and profitability of their investments. Accounting information enables the owners to assess the ability of the business organization to pay dividends. It also leads them to determine any future course of action.