These users of accounting information are directly involved with the business enterprise.
Question: These users of accounting information are directly involved with the business enterprise.
Accounting information is essential for the decision-making process of various stakeholders of a business enterprise. These stakeholders can be classified into two broad categories: internal users and external users. Internal users are those who are directly involved with the business enterprise, such as managers, employees, owners, and directors. They use accounting information to plan, control, evaluate, and improve the performance of the business. External users are those who are not directly involved with the business enterprise, but have an interest in its financial position, such as creditors, investors, customers, suppliers, regulators, and tax authorities. They use accounting information to assess the risk, profitability, liquidity, and solvency of the business.
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