Name the parties interested in accounting information.
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there are two grops interested in accounting information
a) insiders b) outsiders
a) insiders includes
managers, employees ,owner,board of directors these parties have have interest in accounting information because they have to take many decisions on the basis of accounting decisions such as whether to continue or not , to have a comparison with rival firms and existing firms
b) outsiders includes ,investors ,spectators this information is helpful for them to decide whether to invest in the firm or not and creditors are also the outsiders this helps the to decide whether to give credit to that particular firm or not.
a) insiders b) outsiders
a) insiders includes
managers, employees ,owner,board of directors these parties have have interest in accounting information because they have to take many decisions on the basis of accounting decisions such as whether to continue or not , to have a comparison with rival firms and existing firms
b) outsiders includes ,investors ,spectators this information is helpful for them to decide whether to invest in the firm or not and creditors are also the outsiders this helps the to decide whether to give credit to that particular firm or not.
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