Asked by Jennifer Forest on Jun 06, 2024
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An example of an external user of accounting information is the federal government.
External User
External User refers to individuals or entities outside of a company who use its financial statements to make decisions, such as investors, creditors, and regulatory agencies.
Federal Government
The national government of a federated state, which holds the authority to govern the issues that affect the entire country.
- Identify the informational requirements of internal versus external users of financial data.
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Learning Objectives
- Identify the informational requirements of internal versus external users of financial data.
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