Asked by Jobin Mathew on Jun 05, 2024
Verified
Accounting information is used only by external users with a financial interest in a business enterprise.
Accounting Information
Data related to the financial transactions and status of an organization that is used for analysis, planning, and decision-making.
External Users
Individuals or entities outside of a company who use its financial statements for decision-making, such as investors, creditors, and regulatory agencies.
- Acknowledge the diverse array of individuals who utilize accounting data.
Verified Answer
ZK
Zybrea KnightJun 06, 2024
Final Answer :
False
Explanation :
Accounting information is used by both external and internal users with varying levels of financial interest and decision-making authority within a business enterprise. Some examples of internal users include managers, employees, and shareholders.
Learning Objectives
- Acknowledge the diverse array of individuals who utilize accounting data.
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