users of accounting information

Faculty of Management and Administration
Student name: Pedro David Massiuana R 140893
COURSE TITLE: FOUNDATIONS OF ACCOUNTING COURCE CODE: MAC101
DUE DATE: 12th September
LECTURER: Ms.Chirima
ASSIGMENT Nr. 1
- Accounting Information

Date, 10th September, 2014

Introduction
“The users of the accounting information”. According to the author Horngren,C .Introduction to management accounting, the list of the people who use the accounting information is infinite. But even having this range of users or decision makers, we still can divide them in two groups, relatively “the internal users and the external users”. And that is what we discussed about along the assignment. First, defining each type of users and their respective categories based in their needs. At the second point, the discussion includes the outline of the information required by the users in the financial statements.
At last, the extend or value of the information they need for the decision making with the bases of authors like Skusen Langenderfer, Albercht accounting principles and applications
Walgenback Hanson principles of accounting fourth edition and www.wikipedia.com
Horngren. Principles of Financial & management accounting. (1994) and
Horngren. Introduction to management accounting. 10th Edition (1996 .

1. Who are the users of accounting information?
- Being an accounting student, I have the knowledge that the accounting information is useful for a lot of different parties, in other to help them to make the best financial decisions and to satisfy the needs of a range of people and groups who use the accounting information’s (accounting users), who according to the book “ Financial Management. By Author horngren” can be divided in to groups: The Internal users

References: Basic college accounting.com (June20, 2006) www.wikipedia.com Horngren. Principles of Financial & management accounting. (1994) Horngren