.Who among the following is the internal user of accounting information?
Answers
Answer:
Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.
Explanation:
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Answer:
A user who is a member of the business organization and is actively engaged in managing and running the day-to-day operations of the company is considered an internal user of accounting information.
Owners, directors, supervisors, workers, and human resource directors are some examples of internal consumers.
Explanation:
Accounting information system:-
A system for gathering, saving, and analyzing financial and accounting data that is used by decision-makers is known as accounting as an information system (AIS). An accounting information system, in conjunction with information technology tools, is typically a computer-based technique for monitoring accounting activity. The ensuing financial records may be used by management on an internal basis or by other concerned parties, such as investors, creditors, and taxing authorities, on an exterior basis. All accounting tasks and actions, such as reporting, financial accounting porting, managerial/management accounting, and tax, are supported by accounting information systems. The auditing and financial reporting components of accounting information systems are the most commonly used.
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