Please answer questions number 4 and 5 4. Why do you think providers of finance are interested in a company's accountinginformation?5. Management accounting information is used by internal users for various types of decisionmaking. What are the different types of decisions that internal users may make usingaccounting information.

The accounting information refers to the financial reports produced by the company through…

Answered: 4. Why do you think providers of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 3EA: Define each of these users of accounting information as an internal user of external user Management...

See similar textbooks

Similar questions

External users of accounting information would include ________________. employees managers investors supervisors
List the three basic questions that must be answered when analyzing the effects of a business transaction on the accounting equation.
Discuss what information would be most useful for these users of accounting information: Management Employees Investors Creditors Customers Tax authorities
Which of the following use financial statement data to make decisions? a. customers c. suppliers b. investors d. all of these
Which of the following is considered a constraint on useful information by Statement of Financial Accounting Concepts No. 8? a. benefits costs b. conservatism c. timeliness d. verifiability
Explain how having more than one of the accounting credentials would be beneficial to an accounting career.
Indicate whether each statement describes financial accounting or managerial accounting. The information is directed at external users who are making decisions pertaining to investing, extending credit, and other decisions. The principal users are the organizations managers. The key focus is on the entity as a whole. The rules and principles are very flexible. The information gathered is usually available after an independent audit has been completed.
Which area of accounting needs a computerized accounting information system the mostâ€”payroll, tax, or preparing financial statements?
Define each of these users of accounting information as an internal user of external user Management Employees Investors Creditors Customers Tax authorities
The standards, procedures, and principles companies must follow when preparing their financial statements are known as which of the following? A. Financial Accounting Standards Board (FASB) B. generally accepted accounting principles (GAAP) C. Securities and Exchange Commission (SEC) D. conceptual framework
Typical accounting tasks include all of the following tasks except ________. A. auditing B. recording and tracking costs C. tax compliance and planning D. consulting E. purchasing direct materials

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Financial Accounting: The Impact on Decision Make…

Accounting

ISBN:

9781305654174

Author:

Gary A. Porter, Curtis L. Norton

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

College Accounting, Chapters 1-27

Accounting

ISBN:

9781337794756

Author:

HEINTZ, James A.

Publisher:

Cengage Learning,

Contemporary Auditing

Accounting

ISBN:

9781337650380

Author:

KNAPP

Publisher:

Cengage

SEE MORE TEXTBOOKS

4. Why do you think providers of finance are interested in a company's accounting information? 5. Management accounting information is used by internal users for various types of decision making. What are the different types of decisions that internal users may make using accounting information.