Question

describe the informational needs of enternal users. (8 marks)​

Answer 1

Answer:

Accounting supplies managers and owners with significant financial data that is useful for decision making. This type of accounting in generally referred to as managerial accounting.

Assessing how management has discharged its responsibility for protecting and managing the company’s resources

Shaping decisions about when to borrow or invest company resources

Shaping decisions about expansion or downsizing