Internal users would be managers so that they can make decisions about how to manage and also see how effectively they have managed. External users would be potential investors, the Government, lenders, the public, unions...
Shareholder are external users because they don't work inside the company.
internal = inside business external = outside business
This are in two groups, external users and internal users. External come from outside the business while internal are from inside the business. Examples of external are insurers, suppliers, customers, government tax auditors, etc while internal accounting users are within the business, thus shareholders, owners of the business
Accounting helps the business create reports for both internal and external shareholders. Accounting also helps a business understand their financial position within the industry.
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.
there is many users of accounting information in business. they r mainly divided into 2 category .first is internal users i.e employees ,managers,shareholders ,owners the other hand external users i.e suppliers,competitors,lendors,creditors.goverment authority
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.
Yes
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.
There are two types of users( internal and external):-List of internal users:-employeesmanagementshareholders/owners.List of external users :-Those who have economic transactions likesupplierscreditorsbankersfinancial institutionsOthers like:-competitorsgovernment and regulatory agenciesauditorsresearchers and academiciansrepresentatives of others interest like brokers ,underwriters etcpotential shareholders
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
internal users
The accounting process is concerned with both: internal and external transactions representing economic events.