Asked by Kirstyn Alston on Jul 15, 2024

verifed

Verified

Identify each of the following as either internal or external users of accounting information. Identify each of the following as either internal or external users of accounting information.

Internal Users

Internal users are individuals within an organization, such as management and employees, who use financial information to make decisions about the operations and future direction of the company.

External Users

Individuals or organizations outside of a company who have an interest in the company's financial information, such as investors, creditors, and regulatory bodies.

Accounting Information

The systematic and comprehensive recording of financial transactions pertaining to a business, which is used for analysis, planning, and decision-making.

  • Distinguish between the internal and external stakeholders in accounting, and identify the specific reports each group employs.
verifed

Verified Answer

AL
Alessandra LorenceJul 17, 2024
Final Answer :