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The users with direct interest (direct users) use financial information as a tool to protect their own interest in the enterprise. They include the owners, managers, creditors, suppliers, customers, employees and taxing authority. The users with indirect interest (indirect users) obtain and use accounting information to provide advice to or protect the interest of a direct user. Users of this type include regulatory agencies, which protect the interest of investors and the public, the labor unions , which protect the interest of the employees, and the financial and legal consultants who provide advice to their clients who may be customers, lenders or suppliers of the firm.
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Why direct and indirect users of accounting interested in the data?
to know the business performance. to consider whether to invest or not
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
Who are the direct users of information in accounting?
the shareholders or the owner of the business are the direct users of the account
Who are the direct and indirect users of telecommunication?
Whoever uses a telephone.
What are the stages of accounting for costs?
direct costs,indirect costs,sunk costs, Activity based costing.
What are the differences between direct cost and indirect cost in management accounting?
Direct costs are the ones that can be traced back to specific objects or items. Indirect costs cannot be traced accurately to anything specific.
Indirect Effects of a Change in Accounting Principle?
it is one of three effects of change in accounting principle (direct,indirect, and cumulative effects).The indirect effect of change in accounting principles are differences in non-discretionary items based on earnings (e.g bonuses) that would have occurred if the new principle had been used in prior years.quoted from Becker CPA
What is direct expenses and indirect expenses?
what is direct and indirect expense
List of Direct and Indirect expenses in Accounting?
Some direct expenses for a furniture manufacturer are:Laborers' wagesHandles, locks and hingesSynthetic woodGlassWoodSome indirect expenses for a furniture manufacturer are:Power consumptionNails and screwsSupervisors' salariesVarnish, glue, paintsFactory insuranceFactory depreciationFactory manager's salary
What is an absorption costing?
An absorption costing is an accounting method used to calculate the total cost of a product by factoring in both direct and indirect costs.
When do you say direct and indirect?
Hereunder several example of the employ of "direct" as an adjective: direct consequence, direct descendant, direct action, direct discourse or speech (British), direct evidence, direct cost. You can also use it to mean: frank, open, sincere; a direct answer, a direct way of doing things. "Direct" as an adverb: I shall write to you direct, the train goes direct to Boston . Several examples of the employ of "indirect" as an adjective: an indirect route, to make an indirect reference, to answer a question in an indirect way, indirect cost, indirect object, indirect discourse or speech (British).
Pattern of direct and indirect speech?
definition direct and indirect statement
