Account, his aims and basic principles

Who makes these decisions and informed judgments? Users of accounting information include the management of the entity or organization, the owners of the organization (who are frequently not involved in the management process), potential investors in and creditors of the organization, employees, and various federal, state, and local governmental agencies that are concerned with regulatory and tax matters. Exhibit 1-1 illustrates some of the users and uses of accounting information. Pause, and try to think of at least one other decision or informed judgment that each of these users might make from the economic information that could be communicated about an entity.

What Is Accounting?
Why Accounting?
Principles
Literature