At the moment I am currently studying financial accounting techniques, my tutor gave me this question for pre exam work however I am having difficulty understanding the topic in general. the question he has given to the class is ' What is the purpose of producing accounting information and describe the main users of this information'. you probably find this easy but all i manage to understand is that the main users are shareholders and directors. Apart from that I cant understand why they use them fully. Please help me if you can and also please add some clear examples so I can understand the question. I appreciate your help.
Kind Regards
This question involves the fundamentals of accounting