Question

Who are the internal users of accounting data? How does accounting provide relevant data to the...

Who are the internal users of accounting data? How does accounting provide relevant data to the internal users?

Provide an essay answer, please.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Internal users of accounting data are Owners, Managers and Employees of the business organizations.

Owners gets the information about profitability or performance of the organisation from the accounting data, they are more concrrned about return on their investment and growth of the business organizations. They can get relevent informations for that from the financial records.

Managers need some more detailed financial data to to make importent decisions and they also can get useful data from the accounting records.

Employees are concerned about their fair and timely payment of remuneration and improvement of their pay. They also gets all their required information from the financial or accounting data.

Thank you..!!

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
External users of accounting information, like the Internal Revenue Service, are most commonly known as
External users of accounting information, like the Internal Revenue Service, are most commonly known as
Internal users of accounting information include all of the following except a. marketing managers b. company...
Internal users of accounting information include all of the following except a. marketing managers b. company officers c. production supervisors d. investors
Why and how does Big Data matter to Accounting?
Why and how does Big Data matter to Accounting?
Your essay must include an introduction, body, and conclusion, and address all relevant parts of each...
Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should be a minimum of 300 words in length. You must include academic sources to support your ideas. Make sure to cite all references you use. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number. a. Define how managerial accounting differs from financial accounting....
Who are the external and internal stakeholders of accounting information?(need 300-400 words)
Who are the external and internal stakeholders of accounting information?(need 300-400 words)
Provide an example of who would use financial accounting.
Provide an example of who would use financial accounting.
q5 The primary objective of accounting is to implement strong internal controls. provide useful information to...
q5 The primary objective of accounting is to implement strong internal controls. provide useful information to decision makers. prepare financial statements. ensure the profitability of an organization.
In your opinion, how relevant are social preferences in the current coronavirus pandemic? Provide an example...
In your opinion, how relevant are social preferences in the current coronavirus pandemic? Provide an example of your own choice.. Please provide as much evidence as possible
What is culturally mindful communication/ What does the term mean? Provide relevant examples
What is culturally mindful communication/ What does the term mean? Provide relevant examples
The cash basis method of accounting for tax purposes. How does it work? Who can use...
The cash basis method of accounting for tax purposes. How does it work? Who can use the cash basis method? Any special rules for inventory? How are prepaid expenses treated? What is constructive receipt? How is “cash” defined?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT