-Harsha Lal- ACW Accounts at Edumarz
Ans- In the accounting process , the final step is to communicate the information of the firm to the interested users. There are three types of accounting users. These are:-
Internal users – These users are basically interested in the internal matters of the organisation.Such information helps them in making the financial decisions. Like – Owners, Managers and the employees.
External users- They are people who are not interested in the internal matters of the organisation. They don’t work within the organisation, but are externally associated with the organisation. Eg- Suppliers, banks, customers,researchers, investors, tax authorities and competitors.
Government – Government is interested in the financial information of a firm. They are interested to know whether the firm is paying the taxes on time and as per the laws.