Users of accounting information

1. External users
2. Internal users
 

External users of accounting information

External users include
 
Investors
Creditors
Customers
Suppliers
Employees
Government organizations
 

Internal users of accounting information

Internal users include
 
Management
Managers of operations

Financial accounting for external users

Financial accounting provides information for external users.
 
Financial accounting information is used for decision making by external users, such as investors and creditors.
 

Managerial accounting for internal users

Managerial accounting provides information for internal users.
 
Managerial accounting information is used for decision making by internal users, such as the management or operational managers.
 

Decisions by external users

Examples
 
1. To buy or sell the shares of the entity
2. To loan money to the entity
3. To have sales or purchase transactions with the entity
4. To impose taxes
 

Decisions by internal users

Examples
 
1. To analyze the profitability by products and operational units
2. To decide the need for cash flows to support the operations
3. To decide whether to buy or sell business segments
4. To decide whether to build new production facilities
  

Accounting related organizations

Securities and Exchange Commission (SEC)
https://www.sec.gov

Financial Accounting Standards Board (FASB)
https://www.fasb.org/home

International Accounting Standards Board (IASB)
https://www.iasb.org
  
American Institute of Certified Public Accountants (AICPA)
https://www.aicpa.org