Users of accounting are divided into two, we have the internal and external.
Internal include sthose within the sector e.g, investors,tax analyst bankers ,accountants etc.
While the external includes: Government , shareholders,etc
uses of accounting
1.its helps in recording and interprting financial data.
2. It helps in implementing governmentpolicies
3. It helps an organisation to be able to know it margins, markup and know if it is running at loss.
4. With accounting a nation or state can be accountable.
5. It also helps an organisation to detect fraud,error and to ensure effective internal control system.
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Internal include sthose within the sector e.g, investors,tax analyst bankers ,accountants etc.
While the external includes: Government , shareholders,etc
uses of accounting
1.its helps in recording and interprting financial data.
2. It helps in implementing governmentpolicies
3. It helps an organisation to be able to know it margins, markup and know if it is running at loss.
4. With accounting a nation or state can be accountable.
5. It also helps an organisation to detect fraud,error and to ensure effective internal control system.
6
