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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.
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.
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
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.
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
Are shareholders internal or external users of accounting information?
Internal users would be managers so that they can make decisions about how to manage and also see how effectively they have managed. External users would be potential investors, the Government, lenders, the public, unions...
What are two most common types of data entered by users?
internal and external
Is Managerial accounting information used by external and internal users equally?
Yes
What are the internal and external users of financial statements?
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
List users of accounting information and state their needs?
There are two types of users( internal and external):-List of internal users:-employeesmanagementshareholders/owners.List of external users :-Those who have economic transactions likesupplierscreditorsbankersfinancial institutionsOthers like:-competitorsgovernment and regulatory agenciesauditorsresearchers and academiciansrepresentatives of others interest like brokers ,underwriters etcpotential shareholders
