In short users of financial info are shareholders, public in general, grant providers, suppliers, employees, Govt and agencies, potential investors, lenders and creditors. All these might not be accountants but their day to day activities involve accounting
In order to understand the information presented by accountants in the financial statements for them to use in decision making like investment, supplies etc. It is required that users of financial statements should strugle themselves to understand terms and concepts used in the preparation of FS because accountants CAN NOT exclude material information simply because users can not understand
The users of financial statement are more than accountant as a professional and each user has an entended objects,some of users are supplier,gvt inspectors(tax),employees,patners,investors,banks,management etc,so a/cnt should prepare the financial statement in valid way guarding to 8 steps of prapare financial statement since the users are various more than acountant him/herself,4more reference frenk's wood financial a/c one 1st adition,
stage to stage hata wewe ulipitia huku tulipo kwa hiyo kufika NBAA tutafika,na utambue sio wewe ndio wa kwanza kufika huko,wapo waliokwisha kukutangulia
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