Users of accounting information

Accounting is the language of business, it has both the massage and the audience. There are 8 different audiences which share a common desire for information about the economic resources of an organization.

1)Owners; 2)Managers and other operations personnel; 3)creditors; 4) employees and labor organizations; 5)customers; 6)taxation authorities; 7) regulatory agencies; 8)information agencies

Accounting for the economic resources controlled by an organization and reporting on the their use to all interested parties are vital tasks. They are essential for both profit-making business ventures and nonprofit organizations. Also those 8 audiences have different needs for abilities to obtain some kind of information. For example: Managers need very detailed information to plan and control an organization's human and material resources effectively. The list of different information needs could easily be made for other users on the list.