The users and uses of Accounting

The major users of accounting are business team management, investors/ owners, creditors (suppliers/ bankers).

Business team management uses accounting information in planning, controlling, and evaluating business operation.

Investors/ Owners use accounting information in judging the wisdom of buying, holding, or selling their financial interests.

Creditors (suppliers/ bankers) use accounting information businesses to evaluate the risks of granting credit or lending money to those businesses.

The users with an indirect interest of accounting are taxing authorities, regulatory agencies, customers, labor unions, and economic planners.