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Uses of Information from an Accounting System

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Who uses information from an accounting system?

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Solution Summary

This solution highlights the various stakeholders who use information from an accounting system.

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Accounting systems were created to maintain accurate record-keeping of a company's financial transactions (assets, liabilities, income, expenses, tax and payroll information) in order to generate daily, monthly, and yearly financial statements and reports. Financial statements created using an accounting system generally include the company's balance sheets, profit and loss statement, and cash flow statement. Reports of open invoices and bills that are due can also be generated from ...

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Keonda Grant-Taylor, MBA
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  • Doctorate of Management in Organizational Leadership, University of Phoenix - Online
  • MBA, Webster Univeristy
  • Dual BS Degrees, University of South Carolina
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