BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Managers who plan, organize, and run the business
A
Internal Users
B
External Users
Explanation: 

Detailed explanation-1: -Internal users of accounting information are those individuals inside a company who plan, organize, and run the business. These users are directly involved in managing and operating the business. These include marketing managers, production supervisors, finance directors, company officers and owners.

Detailed explanation-2: -Internal users are those within an organization who use financial information to make day-to-day decisions. Internal users include managers and other employees who use financial information to confirm past results and help make adjustments for future activities.

Detailed explanation-3: -B. 1. Internal users of accounting information are managers who plan, organize, and run a business. These include marketing managers, production supervisors, finance directors, and company officers.

Detailed explanation-4: -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.

Detailed explanation-5: -What Does Internal User Mean? Managerial and cost accountants are good examples of internal users. They are managers inside the organization who have knowledge about the inner workings of the company and can use this knowledge to improve the business’ performance.

There is 1 question to complete.