Skip to main content
Business LibreTexts

3.13: Introduction to Users of Accounting

  • Page ID
    45797
  • \( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \) \( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)\(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\) \(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\)

    What you’ll learn to do: Discuss the financial consequences of various organizational structures

    Accounting information allows individuals to understand the financial health and stability of a business. Companies typically share their accounting information via financial statements, which helps users measure performance and make better financial decisions. Several types of people utilize financial statements, but they generally fall into two major categories: internal users and external users.

    In this section, you’ll learn to outline the needs and roles of various users, differentiate between the major organizational structures, describe the effects of different forms of doing business, and summarize information in an annual report.

    CC licensed content, Original
    • Introduction to Users of Accounting. Authored by: Joe Cooke. Provided by: Lumen Learning. License: CC BY: Attribution

    3.13: Introduction to Users of Accounting is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

    • Was this article helpful?