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Users of Accounts

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A look at the key users of financial accounts and their interest in a business accounts.

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Users of Accounts

 Managers/Board of Directors: Want to know how well
the business is doing or if it is not as it reflects upon
them and there management. It lets them know what
decisions they can afford to do in the future.
 Owners: Own the company, they have invested, they
want to ensure its doing well/safe/how much they will
get back.
 Lenders/Investors: Want to know if they invest, will they
get it back and how much they are likely to get back.
Invest in the company’s that give the best returns.
 Suppliers: Want to know how secure you are as it sees if
the business can afford to pay them and they want to
know about the long term sustainability/success as it has
an impact upon them in the long term.
 Customers: Customers who use the company in the long
term will be interested that they have a constant
supplier. They want to know there constant supplier is
safe.
 Inland Revenue: Need to know the tax bill.
 Competitors: Takeover/challenging your company.
 Employees: The pay rate-> If the business is doing well,
they will want and pay rise and secondly in the long term
the security of their employment.

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Study Level
Subject
Uploaded on
June 30, 2016
Number of pages
1
Written in
2014/2015
Type
Class notes
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Unknown
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