{"id":941,"date":"2018-06-27T20:44:50","date_gmt":"2018-06-27T20:44:50","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/?post_type=chapter&#038;p=941"},"modified":"2024-04-26T22:11:50","modified_gmt":"2024-04-26T22:11:50","slug":"introduction-to-users-of-accounting","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/chapter\/introduction-to-users-of-accounting\/","title":{"raw":"Introduction to Users of Accounting","rendered":"Introduction to Users of Accounting"},"content":{"raw":"<h2>What you'll learn to do:\u00a0Discuss the financial consequences of various organizational structures<\/h2>\r\nAccounting information allows individuals to understand the financial health and stability of a business. Companies typically share their accounting information via financial statements, which helps users measure performance and make better financial decisions. Several types of people utilize financial statements, but they generally fall into two major categories: internal users and external users.\r\n\r\nIn this section, you\u2019ll learn to outline the needs and roles of various users, differentiate between the major organizational structures, describe the effects of different forms of doing business, and summarize information in an annual report.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0Discuss the financial consequences of various organizational structures<\/h2>\n<p>Accounting information allows individuals to understand the financial health and stability of a business. Companies typically share their accounting information via financial statements, which helps users measure performance and make better financial decisions. Several types of people utilize financial statements, but they generally fall into two major categories: internal users and external users.<\/p>\n<p>In this section, you\u2019ll learn to outline the needs and roles of various users, differentiate between the major organizational structures, describe the effects of different forms of doing business, and summarize information in an annual report.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-941\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Users of Accounting. <strong>Authored by<\/strong>: Joe Cooke. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":60999,"menu_order":6,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Users of Accounting\",\"author\":\"Joe Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"e024c674-4d31-4710-8a92-f0b93437f1f9","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-941","chapter","type-chapter","status-publish","hentry"],"part":28,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/users\/60999"}],"version-history":[{"count":6,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/941\/revisions"}],"predecessor-version":[{"id":3253,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/941\/revisions\/3253"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/parts\/28"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapters\/941\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/media?parent=941"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/pressbooks\/v2\/chapter-type?post=941"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/contributor?post=941"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-accountingformanagers\/wp-json\/wp\/v2\/license?post=941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}