Users of accounting information

Are divided into internal and external depending on the relationship to the bank as a business entity and the ability to access financial information about the activities of the bank. External users include lenders, investors, customers, bank employees, the bank's shareholders, as well as public administration, supervision, tax authorities, the information they need: to make a decision as to whether the bank's shares worth buying, be it customer or depositor; for assess the possibility of the bank to repay loans, warning people of the negative phenomena in the bank to its timely readjustment, averting the threat of bankruptcy or to mitigate its consequences for depositors and bank customers, for the formation of monetary policy. Availability of information to directly influence the activities of the bank. This information is provided as part of financial accounting. External users are not able to identify any specific requirements, except for the applicable legislation. According to international practice, investors and lenders are considered as the main users, namely to satisfy their interest banks are required to disclose financial information. Publicity of information increases the liability of banks for the results of its activities to the community. Internal users - is the bank's management. He information needed for decision making on all issues of bank management: strategic and tactical management, budgeting, financial management, optimization of resources, etc. Topic: The role of accounting in the management of the bank, its types and purpose | Tags: Community