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Knowledge Check 01 Select the correct term for the following types of users: Users Terms Customers Purchasing manager Marketing Manager Suppliers Labor Union

Knowledge Check 01 Select the correct term for the following types of users: Users Terms Customers Purchasing manager Marketing Manager Suppliers Labor Union

FINANCIAL ACCOUNTING
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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Required information Accounting is an information and measurement system that aims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. 430s :00 / 1:27 1x Knowledge Check 01 Select the correct term for the following types of users: Users Terms Customers Purchasing manager Marketing Manager Suppliers Labor Union
Transcribed Image Text:Required information Accounting is an information and measurement system that aims to identify, record, and communicate information about business activities. It helps assess opportunities, products, investments, and social and community responsibilities. Users of accounting are both internal and external. Some users and uses of accounting include (a) managers in controlling, monitoring, and planning; (b) lenders for measuring the risk and return of loans; (c) shareholders for assessing the return and risk of stock; and (d) employees for judging employment opportunities. Opportunities in accounting include financial, managerial, and tax accounting. 430s :00 / 1:27 1x Knowledge Check 01 Select the correct term for the following types of users: Users Terms Customers Purchasing manager Marketing Manager Suppliers Labor Union
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