Chapter 1, Problem 1.20BE

Identify users of accounting information (Learning Objective 3)

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

1. 1. Internal auditor
2. 2. Potential shareholders
3. 3. Loan officer at the company’s bank
4. 4. Manager of the Sales Department
5. 5. Bookkeeping Department
6. 6. Managers at regional offices
7. 7. IRS agent
8. 8. Current shareholders
9. 9. Wall Street analyst
10. 10. News reporter
11. 11. Company controller
12. 12. Board of directors
13. 13. SEC employee
14. 14. External auditor (public accounting firm)