Asked by Shannon Flynn on May 27, 2024
Verified
Two internal users of accounting information are investors and managers.
Internal Users
Individuals or groups within an organization, such as management and employees, who use financial information to make decisions related to the organization.
Accounting Information
Accounting Information encompasses the various types of financial data and statements that provide insights into a business's performance and financial position.
- Identify the internal and external users of accounting information.
Verified Answer
JE
Jamie EllenMay 30, 2024
Final Answer :
False
Explanation :
Managers are internal users of accounting information, but investors are considered external users.
Learning Objectives
- Identify the internal and external users of accounting information.
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Internal Users Include Lenders,shareholders,brokers and Nonexecutive Employees