External ueser
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.
d. All of the above
Following are the users of accounting information systemmanagementemployees etc.
Creditors
External users utilize accounting information to make informed decisions regarding their interest in a business. Investors assess a company's financial health and performance to determine potential profitability and risks associated with their investments. Creditors evaluate financial statements to decide on lending terms and to gauge the risk of default. Additionally, regulatory agencies and analysts use this information for compliance and to provide insights into market trends.
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.
d. All of the above
internal users
Following are the users of accounting information systemmanagementemployees etc.
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.
Following are the users of accounting information systemmanagementemployees etc.
Creditors
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..
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
these are daily or day to day people dealing with accounting information these includes -the managers -prospective buyer -investors -Business Owners etc.
Management and directors will use them to determine how well the company is doing and where to go from there.
Yes, the banker is considered an external user in financial term.