For each of the following users of financial ačeaccounting information, specify whether the user would primarily use financial accouinformation or managerial accounting information or both.

Answered: For each of the following users of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For each of the following users of financial ače
accounting information, specify whether the user would primarily use financial accou
information or managerial accounting information or both.

Expert Solution

Step 1

Important thing to Note the parties which are outside to the organization will not have access to the managerial information , they will only have Financial Information.

The Top Management of the company will have access to both Managerial and Financial information.

Lower Middle level Management will only have access to Managerial Information

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