Asked by damian sanchez on Jul 05, 2024
Verified
________ users of accounting information are not directly involved in running the organization.
External Users
Individuals or entities outside of a company who utilize its financial statements for decision-making purposes, such as investors, creditors, and regulatory agencies.
Accounting Information
Accounting information encompasses all the data related to the financial transactions and status of an organization, used for reporting, decision-making, and regulatory purposes.
- Understand the distinction between internal and external users of accounting information.
Verified Answer
Learning Objectives
- Understand the distinction between internal and external users of accounting information.
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