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What group or groups of people are not considered to be the external users of accounting information?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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The main users of accounting information?
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
What is meant by the concept of neutrality in accounting?
financial statements are not prepared in a way to favor groups of users (managements, owners, creditors ect) over other groups. the information is prepared to be helpful to all
Who is the internal user and who is the external user in accounting?
Internal users include various interest parties: Management Employees (including Trade Unions) External users include various interested parties: investors Government Customers Suppliers Lenders Competitors The Public Special Interest Groups (eg an Environmental group) External auditors check the veracity of the published accounts for the business
What is enterprise theory In accounting sense.?
Enterprise Theory is a broader concept than the entity theory, but less well defined in its scope and application. According to the enterprise theory, accounting may be thought of as a social theory of accounting, that is, the firm is considered to be a social institution operated for the benefit of many interested groups. From an accounting point of view, this would mean that the responsibility of proper reporting would not only extend to stockholders and creditors, but also to many other groups and the general public. This concept of the firm is most applicable to the large modern corporation that has been obliged to consider the effect of its actions on various groups and on society as a whole. (source: http://www.shh.fi/depts/redovis/research/ptobfr/ptobfr.htm)
What college courses will help me to become an accountant?
The major course groups seem to be Accounting, which focuses on transaction and statement analysis, Auditing, which shows students how to audit company books, and courses on tax accounting.
The main users of accounting information?
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
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.
List three groups that use accounting information and briefly explain why each has an interest in this information?
how to explain an accounting system used for our company to auditor
Which groups use accounting information primarily to insure the entity is operating within prescribed rules?
Auditors use accounting information to ensure that a business is operating as it should. Many auditors working with the Securities Exchange Commission have the ability to fine companies that are not complying.
What is meant by the concept of neutrality in accounting?
financial statements are not prepared in a way to favor groups of users (managements, owners, creditors ect) over other groups. the information is prepared to be helpful to all
What is the basic function of accounting code views?
To determine which groups can reallocate transactions to which accounting code segments
Is company management an external user of financial information?
no it is an internal user of information.External users are financial analysts outside the company, lenders and creditors such as banks and suppliers, and groups such as environmentalism groups and govermental bodies.
Who is the internal user and who is the external user in accounting?
Internal users include various interest parties: Management Employees (including Trade Unions) External users include various interested parties: investors Government Customers Suppliers Lenders Competitors The Public Special Interest Groups (eg an Environmental group) External auditors check the veracity of the published accounts for the business
What is the collection of carbohydrate groups on a human cell's external surface called?
external cells
Identify external stakeholders of a business?
external stakeholders of a business are government, local, community, pressure, groups and the media.
Are religious groups considered interest groups?
Yes...
What is enterprise theory In accounting sense.?
Enterprise Theory is a broader concept than the entity theory, but less well defined in its scope and application. According to the enterprise theory, accounting may be thought of as a social theory of accounting, that is, the firm is considered to be a social institution operated for the benefit of many interested groups. From an accounting point of view, this would mean that the responsibility of proper reporting would not only extend to stockholders and creditors, but also to many other groups and the general public. This concept of the firm is most applicable to the large modern corporation that has been obliged to consider the effect of its actions on various groups and on society as a whole. (source: http://www.shh.fi/depts/redovis/research/ptobfr/ptobfr.htm)
