Name some users of accounting information.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.

Conclusion

Hence, some of the users of accounting information are employees, managers, customers, investors, creditors, and government (tax authorities).

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Can you please solve this following requirements on these general accounting question?

Need help with this general accounting question not use ai please don't

I want to correct answer

Answer 2

Question

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.

Conclusion

Hence, some of the users of accounting information are employees, managers, customers, investors, creditors, and government (tax authorities).

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.

Conclusion

Hence, some of the users of accounting information are employees, managers, customers, investors, creditors, and government (tax authorities).

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.

Conclusion

Hence, some of the users of accounting information are employees, managers, customers, investors, creditors, and government (tax authorities).

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.

Conclusion

Hence, some of the users of accounting information are employees, managers, customers, investors, creditors, and government (tax authorities).

Answer 6

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.

Conclusion

Hence, some of the users of accounting information are employees, managers, customers, investors, creditors, and government (tax authorities).

Answer 7

Chapter 1, Problem 1DQ

To determine

Name some users of accounting information.

Answer 8

Expert Solution & Answer

Explanation of Solution

Users of accounting information: People who rely on accounting information to make best decisions or choices from the information are known as users of accounting information.

Users of accounting information are as classified as below:

Internal users of accounting information: Internal users of accounting information depend on the information, to check to what extent the business has achieved its goals, any other measures to be taken to achieve the goals, and progress further. The internal users are company’s managers and employees. These are the users working for the company.
External users of accounting information: External users of accounting information depend on the information to check the progress and profitability of the business, assess the ability of the company to repay the liabilities, measure income of the company, and evaluate the return of the company for the investment. The external users are customers, creditors, taxing authorities, and investors. These are the users who do not work for the company.