Question

Explain the users of accounting information

Answer 1

Answer:

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Internal users are people within a business organization who use financial information. Examples of internal users are owners, managers, and employees. ... Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.Thank u

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Answer 2

Explanation:

Accounting provides companies with various pieces of information regarding business operations. It is often conducted by a company's internal accounting department and reviewed by a public accounting firm. Small businesses often have significantly less financial information recorded during the accounting process.

Business Performance Management:

A common use of accounting information is measuring the performance of various business operations.

Create Company Budgets:

Business owners often use accounting information to create budgets for their companies

Making Business Decisions:

Accounting information is commonly used to make business decisions.

Informing Investment Decisions:

External business stakeholders often use accounting information to make investment decisions.

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