Introduction to Accounting Information

What you’ll learn to do: identify the ways we use accounting

Accounting information is a broad umbrella. There are as many different kinds of reports and information as there are people demanding it. However, over the years, the industry has developed some standard reports, and the many different users of accounting information can be roughly grouped into categories, the main ones being internal users and external users.

Let’s move ahead to gain a more detailed understanding of who uses accounting information and the different ways it is meaningful to those users.