Main users of the accounting information
Briefly list out the main users of the accounting information which are related to the business?
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There are many group of user with an interest in the accounting information associating to a business. The majority of such are outside the business however; nonetheless, they have a stake in the business. Most probably, the cost of generating this information is justified on the grounds which managers believe it to be helpful to them. These arguments and evidence, though, leave unanswered the question as to whether the information generated really is being employed for decision-making purposes.
Indirect Cost: A cost which can’t be recognized particularly with or traced to a specified cost object in an economically feasible manner.
Briefly define how useful is the management accounting information is?
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