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What is concerned with preparing information for internal users?
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What is meant with internal and external users of information?
Extenal users of information are the users that are not involved in the day to day operations of the organisation. internal users are the ones who who are responsible for the operations of the organisation
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.
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.
Some example of internal users of accounting information?
Managers
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 with internal and external users of information?
Extenal users of information are the users that are not involved in the day to day operations of the organisation. internal users are the ones who who are responsible for the operations of the organisation
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.
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.
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.
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?
Is Managerial accounting information used by external and internal users equally?
Yes
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.
How can users access information from a companys internal database trough the web?
Users can access information from a company's internal database through the web by setting up a secure web portal that connects to the database. The portal can use authentication mechanisms to verify user identity before granting access to specific data. Employing encryption protocols and regular security updates can help safeguard sensitive information while allowing authorized users to retrieve the data they need remotely.
What are the differences between external and internal users of information and their needs and demands on an information system?
External users demand information from the organisation inorder to make investment decisions.If the organisation is doing well it attracts more investors thus increasing the wealth of an organisation.
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
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
