BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is the example of internal users
A
Government
B
Investors
C
Creditors
D
Employees
Explanation: 

Detailed explanation-1: -Board of directors, Partners and Mangers are considered as internal users. Was this answer helpful?

Detailed explanation-2: -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-3: -Internal users include managers and other employees who use financial information to confirm past results and help make adjustments for future activities. External users are those outside of the organization who use the financial information to make decisions or to evaluate an entity’s performance.

Detailed explanation-4: -Internal users of financial statements fall into three main groups: management, owners and, sometimes, employees. In many small businesses, the owners are the managers.

Detailed explanation-5: -Answers. Examples of internal users are owners, managers, and employees.

There is 1 question to complete.