Accounting

interested to know whether the business is losing or earning profit

interested to know whether the company they are working for is financially stable or not

Financial information about prospective companies is used as a basis for the decision. 

determine whether they can negotiate for additional benefits for workers.

every company organization must be registered with it

Financial information is used to determine whether to extend credit to a prospective debtor or to continue granting credit to existing clients.

What is accounting?

The financial information is used for decision making

financial activities of the economic entity that does not involve other outside entities

happenings that affect the financial position of the economic entity but the entity having no. direct or active participation