Users of Financial Information

Overview

In this module we’re building a basic foundation in accounting which will also include an introduction to IFRS. To begin, it is important to understand all of the internal and external stakeholders who rely on the financial information of a business.

Outcomes

Explain the concept of Generally Accepted Accounting Principles

Instructions

Select a business and identify two (2) internal and two (2) external users of financial information for the business. In your original post, discuss how these four (4) different users utilize the financial information of the business you selected.