0
What are the internal and external users of financial statements?
Wiki User
∙ 13y ago
External Users:
1 - Potential Investors
2 - Banks
3 - Financial Institutions
4 - Governament
5 - Creditors
6 - Suppliers
Internal Users
1 - Employees
2 - Management
3 - Share holders etc
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Are Bondholders the internal users of company's accounting information?
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.
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.
What do you think is the major purpose of financial statements?
the objective is to evaluate and report a company's fianancial performance fairly and correctly and provide useful imformation for internal and external users for decision making.
What is the primary objective of financial accounting?
its primary objective is to provide external reports called financial statements to help users analyze an organization's activities.
Why are the financial statement users interested in the statement of cash flows?
it enable both internal and external to know that the company worth, the company is heading for losses.
Who is an internal user of financial statements?
Accounting information is presented to internal users in the form of management accounts, budgets, forecasts andÊfinancial statements. External users are communicated accounting information in the form of financial statements. These users are creditors, tax authorities, investors, etc..
How do l distinguish between internal and external users?
If you mean differences in internal and external users of financial statements, then the answer is as follows: Internal users are persons employed by the organization such as management (e.g. CFO, CEO); internal users also encompasses owners and board members of the entity. External users are those not employed by the organization such as potential investors or creditors; external users also do not include persons presently with ownership in the business nor board members of the entity.
Are Bondholders the internal users of company's accounting information?
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.
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.
What do you think is the major purpose of financial statements?
the objective is to evaluate and report a company's fianancial performance fairly and correctly and provide useful imformation for internal and external users for decision making.
What level of knowledge should users of financial statements have?
What level of knowledge should users of financial statements have?
What is the primary objective of financial accounting?
its primary objective is to provide external reports called financial statements to help users analyze an organization's activities.
What is accounting importance of that?
Who are users of financial statements
Is a vice president an internal or external user of Accounting?
internal users
Who are the Internal and External Users of Information?
Internal users of information are those business units within the organization. While, external users of information are those business linkages (outside) of the organization.
Why are internal and external users are important?
internal users are those who identify the raw material for producing a useful product because internal customers are people who provide service to the external customers.
Why are the financial statement users interested in the statement of cash flows?
it enable both internal and external to know that the company worth, the company is heading for losses.
