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Is employee an external user of accounting information?
External ueser
Who is an internal user of financial statements?
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..
Who is the internal user and who is the external user in accounting?
Internal users include various interest parties: Management Employees (including Trade Unions) External users include various interested parties: investors Government Customers Suppliers Lenders Competitors The Public Special Interest Groups (eg an Environmental group) External auditors check the veracity of the published accounts for the business
Why accounting is called the language of business?
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.
Which one of the following is not an external user of accounting information a. gulatory agencies. b. Customers. c. Investors. d. All of these are external users?
d. All of the above
What is the difference between an internal and external command?
Internal commands are commands that are already loaded in the system, It can be executed at any time and are independent. external commands are loaded when the user requests them. Internal commands don't require a separate process to execute them.
Both internal and external human threats can bring down a system Which of the following represents an internal human threat?
Disgruntled employees.
What is an example of an internal user for accounting information?
An example of an internal user of accounting information is a company's management team, including executives and department heads. They utilize financial data to make informed decisions regarding budgeting, resource allocation, and performance evaluation. This information helps them assess the company's financial health and develop strategies for future growth.
Is company management an external user of financial information?
no it is an internal user of information.External users are financial analysts outside the company, lenders and creditors such as banks and suppliers, and groups such as environmentalism groups and govermental bodies.
Is the banker consider an external user?
Yes, the banker is considered an external user in financial term.
Identify who the typical internal and external user might include in a brick-and-mortar store?
For a retail store the buyers of its stock for sale are its external customers. The internal customers on the other hand are the store's employees. These can be individuals like cashiers or store employees who work in its internal departments such as payroll services, IT help desk services, claim processing etc.
Who are the user of accounting information system?
Following are the users of accounting information systemmanagementemployees etc.
