Who Uses Accounting Information and Why
In a world in which virtually any information is available online anyone in business needs to have an understanding of how financial and corporate data can be used by all their stakeholders. It’s not only the varied sources of information but also the relative speed at which this can be accessed that is unprecedented.
As a manager you need a sound understanding of who accesses corporate data and the rationale behind data analysis, so as to avoid potential pitfalls.
Consider the following stakeholders as potential users of data:
- The customer
- The supplier
- The funder (private equity and asset-based)
- The shareholder
- The finance department
- Revenue & Customs
- Local and central government
- Employers ...