What is the purpose of accounting? Who are the users of accounting information?

What is the purpose of accounting? Who are the users of accounting information?

ANSWER: A FULL PARAGRAPH WITH APA

WEEK 7, WEEK 7: ACCOUNTING FOR AND REPORTING EQUITY AND THE STATEMENT OF CASH FLOWS
Stockholders’ equity is an important heading in a corporate balance sheet. Let’s begin the discussion of stockholders’ equity by asking a question: How is the Stockholders’ Equity section of a corporate balance sheet different from that in a single-owner business?

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What is the purpose of accounting? Who are the users of accounting information?
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