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Are Bondholders the internal users of company's accounting information?
Wiki User
∙ 11y ago
Generally bondholders would be external users of financial information. Prudent investors would most likely look over a company's external financial statements and disclosures before purchasing bonds from the company.
Wiki User
∙ 11y ago
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To be relevant accounting information must a. be capable of making a difference in a decision. b. be presented on the balance sheet. c. be recorded at historical cost. d. improve the companys internal?
The answers a,b, and c are correct.
Difference between external users and internal users of accounting information?
External Users of accounting information are NOT directly involved in running the organization. Internal Users of accounting information are those individuals directly involved in managing and operating the organization.
Internal and external accounting information?
internal = inside business external = outside business
Some example of internal users of accounting information?
Managers
What group or groups of people are not considered to be the external users of accounting information?
Internal Users of accounting information would not usually be external users. Management, staff, the board, would all be classed as internal users of financial information.
To be relevant accounting information must a. be capable of making a difference in a decision. b. be presented on the balance sheet. c. be recorded at historical cost. d. improve the companys internal?
The answers a,b, and c are correct.
How can users access information from a companys internal database trough the web?
learn to be a hacker...
Difference between external users and internal users of accounting information?
External Users of accounting information are NOT directly involved in running the organization. Internal Users of accounting information are those individuals directly involved in managing and operating the organization.
Internal and external accounting information?
internal = inside business external = outside business
Some example of internal users of accounting information?
Managers
The primary internal users of accounting information are?
what is marketing? and what is basic factions?
What group or groups of people are not considered to be the external users of accounting information?
Internal Users of accounting information would not usually be external users. Management, staff, the board, would all be classed as internal users of financial information.
Two common areas of accounting that respectively provide information to internal and external users are?
Internal users with information are managerial accounting is to provide relevant and timely information for managers' and employees' decision-making needs. (private accounting) External users of accounting information include customers, creditors, and the government. These users are not directly involved in managing and operating the business are call financial accounting. Their job is to provide relevant and timely information for decision-making needs of users outside of the business. 1. managerial accounting and financial accounting
Is Managerial accounting information used by external and internal users equally?
Yes
Components of an accounting information system?
Accounting information systems generally consist of six main parts: people, procedures and instructions, data, software, information technology infrastructure and internal controls.
Why did the external users and internal users use accounting information?
External users are not directly involved in the running of the business, they include shareholders, lenders, customers, suppliers, regulators, lawyers, brokers and the press. Yet these users can affect and be affected by the organization. External users rely on accounting information to make better decisions in pursuing their goals for the organization.Internal Users of accounting information are those individuals directly involved in managing and operating an organization. They include managers, officers, and other important internal decision makers. Internal users make the strategic and operational decisions for the business or organization. The internal role of accounting is to provide information to help improve the efficiency or effectiveness of an organization in delivering products or services to the marketplace.
Why are internal controls important?
Internal controls are procedures set up to protect assets, ensure that accounting reports are reliable, promote efficiency, and encourage adherence to company policies. Internal controls are crucial if accounting reports are to provide relevant and reliable information.
