BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -External users are individuals and organizations outside a company who want financial information about the company. These users are not directly involved in managing and operating the business. The two most common types of external users are potential investors and creditors.

Detailed explanation-2: -Internal users are people within a business organization who use financial information. Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information.

Detailed explanation-3: -An external user is a user of the system who is not part of the organization structure. They access the application over the web and have restricted access to the system. External User accounts are managed separately to those of internal users.

Detailed explanation-4: -External users of financial statements use the information to make key business decisions. Some common users include banks, investors, suppliers, and employees.