need help with constructive and professional response to thee postt

1)if there are applications out there that process accounting information why then must we study and understand accounting?

2)4 kinds of external users of financial accounting and how they use accounting would be

*investors- they invest their money in businesses, they make correct decisions based on high quality account information.

*government agencies- need account information to levy taxes effectively and accurately.

*non-profit organizations- require account information to manage their affairs properly.

*creditors- use account information to evaluate creditworthiness and other factors to help guarantee that loans will be repaid in the future.

I am currently not working or have any involvement with any organizations but my husband is in the process of opening his own barber shop. he has applied for loans and the people he has applied for loans through look at his past loans, his credit score, and how he has handled repayment in the past. They want to be sure that they will get their money back if they give him the loan he is requesting. They want to make sure he is reliable and doesn't have any faulty payments or anything that will make them later regret their decisions.