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What is the difference between internal and external documentation?
Internal documentation is the one in which various information regarding the program is enlisted in the program itself i.e. in the form of comments. On the contrary, external documentation is the one that is prepared separately to inform the users about the system.
What is the difference between internal and external?
Internal is a concern, activity or process inside or "within" an entity (e.g. internal medicine, internal combustion).External is applied to forces or influences outside the entity (e.g. external symptoms, external hard drives).Internal and external are another way of saying inside and outside.
Is there a difference between internal and external financing?
Internal means it is contained inside something; external means it comes from outside.
What does internal and external mean in business?
external means- you have to ask your mum for a SHAG internal means- you have to ask your dad for a SHAG
List two decisions that might be made by internal users and two decisions that might be made by external users.?
Internal users, such as managers and employees, might make decisions related to budgeting and resource allocation to optimize operations and improve efficiency. They may also decide on employee training programs to enhance skills and productivity. In contrast, external users, like investors and creditors, may make decisions regarding investments based on financial performance and forecasts. Additionally, customers might decide on purchasing products or services based on quality, price, and brand reputation.
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.
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
Why internal customer as important as external customer?
because internal customer is a person who provide service to external customer.
