who are the users of accounting

Users of accounting information are bifurcated in two categories as- Internal Users and External Users.

1. Internal Users
These are the users who are internal to an organisation. Such users have a direct access to the financial statements of a business. Some of the internal users are given below.

i. Owners

ii. Management

iii. Employees and Workers

2. External Users
External users are those who are outsiders to an organisation and are interested in the financial affairs of the business. These users do not have a direct access to the financial statements of the business. The following parties come under the head of external users.

i. Banks and Financial Institutions

ii. Investors and Potential Investors

iii. Creditors

iv. Tax Authorities

v. Government

vi. Consumers

vii. Researchers

viii. Public