The Users of Accounting Information and their Needs. An Introduction to Accounting and its Branches

Seminar paper from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, Atlantic International University (School of Buisness and Economics), course: Ph.D Accounting, language: English, abstract: The objective of this paper is to justify the existence of the accounting function as a significant and integral requirement of each organization and institution as well as its purpose in the current society we live in today. This entails the analysis of the users of accounting information, the various branches of accounting and the relevance of this information to various stakeholders in the society that surround and support organizations and institutions. Accounting, in itself is a fundamental part of the information systems of organizations today. This is because there are various parties in the society that need this information apart from the managers and owners of the organizations and institutions. Furthermore, accounting is now regarded as a service function of organizations and the society in general. This is because as an informative function of organizations, it enables various users to make relevant and valid decisions of an economic and financial viewpoint.

Musbau Kolawole Kayode,a very distinguished Nigerian scholar is a financial expert and chartered accountant of decades of professional experience and remarkable achievements.He is indeed an influential leader who is naturally endowed with great and rare qualities that have propelled him as a symbol of excellence,a role model and a worthy ambassador of his people and distinguished practitioner in his chosen career. He holds a bachelor of Science degree in Accounting(SECOND CLASS UPPER DIVISION)from the prestigious Ahmadu Bello University,Zaria in Nigeria and Master of Business Administration from yet another frontline University in Nigeria-Ladoke Akintola University of Technology,Ogbomoso.In pursuance of academic excellence and distinguished professional career,Musbau Kolawole Kayode also holds various professional qualifications.These include- Institute of Chartered Accuntant of Nigeria(FCA),Chartered Institute of Taxation(ACTI),Chartered Institute of Arbitration(ACIARB),Certificate in Business Management(APBM),and certificate in Data Processing. He has meritoriously served in various capacities in the banking industry and in the Federal civil service of the Federal republic of Nigeria.He is currently a "DIRECTOR" in the federal civil service of Nigeria. This talented son of Nigeria and Africa who is endowed with robust ideas and intellectual prowess is currently a Ph.D Candidate at the prestigious Atlantic International University where he is carrying out an academic research work on ''THE IMPACT AND DYNAMICS OF FINANCIAL MANAGEMENT AND ACCOUNTING IN A DEVELOPING ECONOMY-NIGERIA AS A CASE STUDY''.The special research work is a thesis for this academic programme which he is expected to conclude in record time. Musbau Kolawole Kayode has received various awards in recongnition of his distinguished professional career and in appreciation of his enviable track record of achievements.He is happily married and blessed with children.