Question

Name any two users of accounting information

Answer 1

Financial accounting information is used for decision making by external users, such as investors and creditors. Managerial accounting information is used for decision making by internal users, such as the management or operational managers.

Answer 2

Internal users and External are two users of accounting information.

Explanation:

The accounting information system is the computerized method where the financial data is stored, collected and processed systematically so that it can be get used by the decision makers efficiently.

Internal users are users provide significant financial information within business to managers, employees and owners  which has

• How management retains its responsibility of managing and securing company resources.
• Shapes the decisions of company resources to be borrowed and invested.

• And also decisions related to recession and expansion.

External users  are the users for external financial entities outside the business including suppliers, banks, customers, investor and tax authorities includes information which has

• Rights of stockholders  to know how company is using investments.
• Tax returns and other financial documents.  
• Information about how and how much to lend a business.
• Information to guide decision about investment.