9706 · 1.6.1
Users of accounting information
**Users of information** (1.6.1) — match **user → decision → ratio/info needed**. Evaluation questions require **two-sided** answers (e.g. published accounts help investors but may be historic).
Need to know
What you need to know
- Stakeholders are any individuals or groups with an interest in a business's performance.
- Users are categorised as internal (within the business) and external (outside the business).
- Accounting information, primarily through financial statements, facilitates informed decision-making.
- Different users have different information needs based on their relationship with the business.
Explanation
Users of accounting information
- Stakeholders are any individuals or groups with an interest in a business's performance.
- Users are categorised as internal (within the business) and external (outside the business).
- Accounting information, primarily through financial statements, facilitates informed decision-making.
- Different users have different information needs based on their relationship with the business.