
Infographic: Users of Accounting, FABM, Accounting Information, Internal and External
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jsabanalAbout this product
Users of accounting information can vary depending on the context, but typically include:
Management: They use financial statements and reports to make strategic decisions, monitor performance, and plan future activities.
Investors and Shareholders: They analyze financial statements to assess the financial health and profitability of a company before making investment decisions.
Creditors: They use financial information to evaluate the creditworthiness of a company and determine whether to extend credit or loans.
Government Agencies: They may use financial statements to ensure compliance with tax laws and regulations, as well as to gather economic data for policy-making purposes.
Employees and Labor Unions: They may use financial information to negotiate wages, benefits, and working conditions.
Customers and Suppliers: They may assess a company's financial stability and performance to make decisions about buying goods or services from or supplying goods or services to the company.
Competitors: They may analyze financial information to gain insights into a company's strengths and weaknesses relative to their own operations.
Public: Financial statements are often publicly available and can be used by anyone interested in understanding the financial position and performance of a company.
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from Iloilo, Western Visayas, Philippines
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