COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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stakeholders
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owners or management
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employees
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shareholders
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Detailed explanation-1: -The core internal users are the managers. They need detailed performance information about each segment of the business, so that they can make ongoing corrections and enhancements to the organization.
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: -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-4: -Definition: An internal user is a person inside or an organization that helps run its operations and uses the company’s financial information to make decisions.
Detailed explanation-5: -Internal users are owners and managers involved in the day-to-day operations of the business and in long-term strategic planning. They are the ones who are making decisions such as whether to lease or buy equipment or to keep the old equipment and simply keep repairing it.