The document discusses the users of financial accounting and their information needs. It identifies internal users such as managers and employees who use accounting data to make daily decisions and confirm past performance. External users outside the organization are also discussed, including suppliers, creditors, investors, tax authorities, and local communities who rely on accounting data. The objectives of accounting are to provide information about debtors, creditors, profits, losses, taxes, inventory, purchases, and sales to meet users' needs and legal requirements.

1. Users of Financial
Accounting and
their needs
Dr. Pushpa Suryavanshi

2. Need & Objectives of
Accounting
Limited Memory of Human
Knowledge about the Debtors & Creditors
Capital Information
Need for future
Knowledge about the Profit & Loss

3. Need & Objectives of
Accounting
Tax Information
Opening & closing stock
Knowledge about the Purchase & Sales
Assets & Liabilities
Completeness of Legal necessities

4. Persons interested in
Accounting
Internal
Users External
Users
Internal users are those within an organization who use
financial information to make day-to-day decisions. Internal
users include managers and other employees who use
financial information to confirm past results and help make
adjustments for future activities.
External users are people outside the business entity
(organization) who use accounting information.

5. Internal Users
•Owner
•Management
•Employees

6. External Users
• Suppliers
• Creditors
• Investors
• Tax Department
• Consumers

7. External Users
• Local Community
• Government
• Financial Analyst
• Stock Exchange
• Trade Association
• Labour Union