Describe five internal users of financial information and their information needs

Q: Define financial intermediary

A: A financial intermediary is a firm that goes about as an agent in a money related exchange between…

Q: Describe the goals of accounting standards.

A: Accounting standards are authoritative standards for financial reporting and are the primary source…

Q: Identify the objective and qualitative qualities of financial reporting information as well as the…

A: Introduction: Financial reporting: Financial reporting is the process of communicating information…

Q: Critically analyse the components of Financial Statemen

A: Introduction:- Every Component of the Financial Statements provides a unique and useful purpose and…

Q: Functions of Financial Accounting Standards Board

A: Accounting is the practice of recording a business's financial transactions. Accounting involves…

Q: What are the objectives of preparing financial statements?

A: Introduction:   Financial statements are written papers that summaries the commercial activities and…

Q: By selecting one among the Balance Sheet, Income Statement, Cost of Sales Table, Fund Flow Statement…

A: Financial statements are the reports or documents that are being prepared by the management of the…

Q: mention the users of financial information and their respective needs.ment accounting and cost…

A: The users of financial information and their respective needs are discussed hereunder :

Q: dentify the objective and qualitative qualities of financial reporting information and financial…

A: Answer: Concept Financial reporting information are the information that can be checked from…