Management: Accounting functions provide essential financial data to help management make strategic decisions. For instance, cost accounting allows businesses to identify and manage cost structures efficiently, and budgeting and forecasting aid in resource allocation and goal setting.

Investors and Shareholders: Accounting's role in maintaining transparent financial reporting builds trust among investors and shareholders. The strengths include standardized financial statements and audit procedures, which provide reliable insights into a company's financial health.

Creditors and Lenders: Accounting supports lenders in assessing an organization's creditworthiness. They can evaluate the company's ability to repay debts through financial analysis, including debt ratio calculations.

Government Authorities: Regulatory compliance is essential in meeting the needs of government authorities. Accounting ensures that businesses pay their taxes accurately, contributing to government revenue.

Employees: Transparent financial reporting supports positive relationships between employers and employees. It helps employees understand the company's financial health and stability.

Customers and Suppliers: For customers and suppliers, accounting data can serve as a signal of financial stability, influencing their decisions to engage in long-term partnerships and transactions.

Society at Large: Ethical and transparent financial practices contribute to societal trust in businesses and financial markets. This trust is essential for maintaining economic stability.