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these are daily or day to day people dealing with accounting information
these includes
-the managers
-prospective buyer
-investors
-Business Owners etc.
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∙ 11y ago
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∙ 12y agousers users users users
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Who are the user of accounting information system?
Following are the users of accounting information systemmanagementemployees etc.
Is employee an external user of accounting information?
External ueser
What is most likely to be a user of information in a managerial accounting setting?
Creditors
Who are the user's of accounting information?
The users of accounting information include tax specialists, bookkeepers, and most business owners. Accounting information is also used by the IRS and the federal government.
How are cost accounting and financial accounting similar?
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Who are the user of accounting information system?
Following are the users of accounting information systemmanagementemployees etc.
Is employee an external user of accounting information?
External ueser
Who are the user of information system?
Following are the users of accounting information systemmanagementemployees etc.
What is most likely to be a user of information in a managerial accounting setting?
Creditors
Who are the user's of accounting information?
The users of accounting information include tax specialists, bookkeepers, and most business owners. Accounting information is also used by the IRS and the federal government.
How are cost accounting and financial accounting similar?
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Why accounting is called the language of business?
Because it communicates financial information, accounting is often called "the language of business." The information that a user of financial information needs depends upon the kinds of of decisions the user makers. The differences in the decisions divide the users of financial information into two broad groups: internal users and external users.
Who is primary user of management accounting information are?
Management and directors will use them to determine how well the company is doing and where to go from there.
What is creative accounting?
It is "thinking outside the box" when such practice is not permitted. Creative accounting is actually a good description of the practice, as it tends to "create" a picture that is not technically correct from the perspective of the information's intended user.
Disadvantages of financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,... Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Limitation of accounting information?
The limitations of accounting information Despite the usefulness of accounting information, there are some limitations: 1. An accountin
Which type of accounting information is intended to satisfy the needs of external users of accounting information?
Financial accounting
