It can be suggested that eight different groups of users of accounting information can be distinguished, i.e.:

• Managers

• Investors

• Lenders

• Employees

• Suppliers and other creditors

• Customers

• Governments and their agencies

• Public Considering either all these groups or any number you care to choose, suggest the information that each is likely to need from accounting statements and reports. Are there likely to be difficulties in satisfying the needs of all the groups you have considered with one common set of information?