Asked by Andres Velazquez on May 16, 2024
Verified
Which of the following groups is considered to be internal users of accounting information?
A) employees and customers
B) customers and vendors
C) employees and managers
D) government entities and banks
Internal Users
Individuals within an organization who use financial information to make decisions, including managers and employees.
Accounting Information
The financial data and records about a company's transactions, financial performance, and condition, used to make business decisions, prepare financial statements, and comply with financial reporting standards.
Employees
Individuals hired by a company to perform tasks in exchange for compensation, typically through wages or salaries.
- Discriminate between the specific needs of internal versus external consumers of accounting information.
Verified Answer
Learning Objectives
- Discriminate between the specific needs of internal versus external consumers of accounting information.
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