1) OWNERS They are interested to know the amount of earning and expenses, actual profit or loss, nature and availability of assets and liabilities, debtors and creditors. 2) MANAGEMENT They need financial accounting records for future planning and evaluating performance to see that it is in tune with plans or not. 3) INVESTORS They need to findout the past and present performances to assess about its future. This is done by them with the object of knowing what is to be invested. 4) CREDITORS They need financial accounting records to know the credit worthiness and repaying capabilities of the organisation. 5) EMPLOYEES They need accounting information to evaluate and compare salary and other benefits with organisation of similar nature.

1. Who are the parties and why are they interested in
accounting? updated 2023
Learning Goal: I’m working on a accounting writing question
and need the explanation and answer to help me learn.
Parties who are interested in accounting are
1) OWNERS
They are interested to know the amount of earning and
expenses, actual profit or loss, nature and availability of assets
and liabilities, debtors and creditors.
2) MANAGEMENT
They need financial accounting records for future planning and
evaluating performance to see that it is in tune with plans or not.
3) INVESTORS

2. They need to findout the past and present performances to assess
about its future. This is done by them with the object of knowing
what is to be invested.
4) CREDITORS
They need financial accounting records to know the credit
worthiness and repaying capabilities of the organisation.
5) EMPLOYEES
They need accounting information to evaluate and compare
salary and other benefits with organisation of similar nature.
6) GOVERNMENT
To collect various taxes like customers duty, sales tax, income
tax etc. the government need proper accounts.
7) RESEARCHER

3. They are in need of accounting information for the interpretation
of the financial statements of the unit for a specific objective
which they have undertaken.
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