Beneficiaries of the accounting information

Beneficiaries of the accounting information



Beneficiaries of the accounting information
Can be classified as users of financial information prepared by the accountant in the form of reports by source of economic interest in the facility ..


1) the owners of the facility.
2) managing the business.
3) creditors.
4) Investors
5) government
6) staff.
7) firm's clients.
8) the general public.

1) owners of the business: The economic entity may be an individual firm or company of persons (Solidarity), or joint stock company, or facility may be a non-profit (charitable and government facilities), and in all these forms there are, interested in matters of this facility can not identify to their conditions and verify that they are moving towards achieving its objectives only to the availability of accounting information.

2) management of the establishment: It is difficult to manage the facility to do its job properly if you do not groove well conversant with the affairs of the facility, if the size of a large economic entity to the extent that his administration is not able to follow the activities of the business easily, it is essential to follow-through reports , and appropriate reporting is only available if an effective system of information, and accounting system is part of the information system at the facility.

3) Creditors: It is known that the most important sources for the financing of the facility: the owners and creditors.
And creditors must either be a financial facilities such as banks and investment companies, or who sold goods on credit facility for resale or fixed assets.
And since the deal on credit or lending is based on confidence in the debtor or the borrower, and the source of this confidence can be either:

If the project is an individual or a company ? - The same owner solidarity.
Including income derived from the future, and including under the hand of his administration  b? - The project itself and the means of production as well as reputation management.

And therefore often are financial reports prepared by the facility at the end of the accounting period is the source of this information.

4) Investors: understood to mean here those who have money want to invest in an existing project or a new project, and the investor will not make an investment decision only after the availability of adequate information about investing in it, not only on the same project, but rather for investment projects of alternative until the comparison.

5) government: working in the vicinity of established economic systems is governed and supervised by government agencies, as well as some of the establishments participating in the state and society in the form of income taxes and Zakat, as some of the other economic institutions receive subsidies from the state, these factors make One of the beneficiaries of the state of accounting information.

And therefore we can divide the parties concerned to follow the conditions of facilities to:
A? - Government agencies directly concerned with financial information such as: Ministry of Commerce of taxes and Zakat.  represented in the Department of Zakat and income

General Auditing Bureau, and for the following reasons:

1. Control of state revenues collected from the establishments in the form of taxes and zakat.
2. Follow-up expenses in the form of state subsidies for economic enterprise.
3. Control of economic institutions that the state has something of its shares or contribute capital.
B? - Government agencies concerned with the indirect financial information such as: Ministry of Finance - Department of Statistics - and the Ministry of Planning.


6) Employees: keen employee in the establishment of economic to continue his job, which represents a source of income, the source of increasing this income, and improved his position by gradually up the career ladder in its business, and this can only happen in an enterprise successful; so the staff member directly involved in knowledge of business and financial conditions of the facility, this knowledge does not come only through financial information.

7) firm's clients: economic institutions depend on each other, some produce to sell to other firms sell to the consumer.
Also, some establishments produce goods sold to other facilities is for her raw materials are manufactured and sold ready-made products.
And often follows this dependence is an overlap of interest in the sale on credit or in the accounting of the conditions of facilities that buy them .. The strength of the resource and the stability of its financial position and business will prove convenient to the client regarding the sources of supply.

8) the general public: is intended to deal with the financial information for any other purpose, such as universities represented by its students and professors, and research centers and consulting offices, centers, and compiling financial information.