what are the parties accounting information
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external parties such as bank, government , creditor and internal parties such as management, owner. employees
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There are a number of parties who are interested in the accounting information relating to business. Accounting is the language employed to communicate financial information of a concern to such parties. The following are the groups who like to make use of the accounting information.
Accounting information is presented to internal users usually in the form of management accounts, budgets, forecasts and financial statement. ... Terms of credit are set by creditors according to the assessment of their customers' financial health. Creditors include suppliers as well as lenders of finance such as banks.
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