Accounting information user 1. SEC regulator 2. Business press 3. Purchasing manager 4. Customer 5. Production supervisor 6. Labor union boss 7. Creditor 8. Ingredient supplier External user or Internal user External user External user Internal user External user External user Internal user External user Internal user

Accounting information user 1. SEC regulator 2. Business press 3. Purchasing manager 4. Customer 5. Production supervisor 6. Labor union boss 7. Creditor 8. Ingredient supplier External user or Internal user External user External user Internal user External user External user Internal user External user Internal user

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.2E

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Similar questions

please explain in detail every point
Which would normally occupy a line position? a. staff accountantb. treasurerc. accounting managerd. vice-president of marketing
Identify the following users as either External users or Internal users. a. Distribution managers b. Marketing managers C. Suppliers d. Labor unions e. Internal auditors f. Budget officers g. Shareholders h. Chief executive officer (CEO) i. Chief financial officer (CFO) i. Government officials k. Customers L. Nonprofit donor
Part B. Identify the following users as either an internal (I) or an external (E) user.
An individual who works with and through other people by coordinating their work activities in order to accomplish organizational goals is __. a. a salesperson b. an assembly line worker c. a managerd. a laborer
Which of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managers
Briefly discuss the chain of command for someone being hired into an organization as a staff managerial accountant.
Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of the organization C. show the structure of an organization D. help management measure financial performance
External users of accounting information would include ________________. employees managers investors supervisors
Explain Staff Accounting Bulletins.
What can be understood by Staff Accounting Bulletins?
1. Which of the following is not an internal user? a. Creditor b. Department manager c. Controller d. Treasurer 2. Internal reports are generally a. aggregated. b. detailed. c. regulated. d. unreliable. 3. The reporting standard for external financialreports isa. industry-specific.b. company-specific.c. generally accepted accounting principles.d. department-specific. 4. A distinguishing feature of managerial accountingisa. external users.b. general-purpose reports.c. very detailed reports.d. quarterly and annual reports. 5. The job cost sheet does not showa. costs chargeable to a specific job.b. the total costs of a completed job.c. the unit cost of a completed job.d. the cost of goods sold. 6. Which one of the following best describes a jobcost sheet? a. It is a form used to record the costs chargeableto a specific job and to determine the total and unit costs of the completedjob.b. It is used to track manufacturing overhead coststo specific jobs.c. It is used by management to…