Popular Courses
COMM 217
Concordia University
ACCT 2301
The University of Texas at Dallas
Intro to Financial Accounting
General Course
COMM 293
University of British Columbia
Intro to Financial Accounting
University Study Guides
MGCR 211
McGill University
ACCT 1220
University of Guelph
Intro to Financial Accounting
University Study Guides
ACCT 217
University of Calgary
ADMS 2500
York University
COMMERCE 1AA3
McMaster University
ACC 100
Toronto Metropolitan University
COMM 111
Queen's University
ADM 1340
University of Ottawa
BU127
Wilfrid Laurier University
RSM219H1
University of Toronto
COMM 1101
Dalhousie University
AFM 101
University of Waterloo
ACTG 2010
York University
BUS 251
Simon Fraser University
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Users of Financial Accounting
The information created by the accounting system has many users, typically these users are external. Most decision-makers involved in a business will need some form of accounting information.
Owners
- Primary users
- Use to assess risk and return (profitability)
- Profitability
- Return relative to other investments
Creditors
- Lenders
- Should loan be given?
- Credit terms
- Amount
- Term
- Interest rate
- Collateral
- Suppliers
- Should credit be allowed?
- Credit terms
- Credit period
- Discount period
Other Users
- Financial analysts
- Current and potential customers
- Employees, managers and unions
- Governments and regulatory agencies