ECONOMICS

Detailed explanation-1: -Managerial accounting. focuses on internal users-executives, product managers, sales managers, and any other personnel within the organization who use accounting information to make important decisions.

Detailed explanation-2: -The term primary user describes someone who interacts with a system. The primary user is in direct contact with the system interface and thus is usually most affected by it. When designing any system or interface, user experience professionals must keep in mind the needs and tasks of the primary user.

Detailed explanation-3: -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-4: -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.