External users of financial accounting information include all of the following except ________.A. lenders such as bankersB. governmental agencies such as the IRSC. employees of a businessD. potential investors

Q: Financial accounting is one of the branches of accounting specialized in recording, classifying,…

A: Financial accounting is used to prepare financial statement which helps in calculating Revenue…

Q: define financial accounting and explain its role in business

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Who are the primary users of general-purpose financial statements? O A. Creditors O B. Investors OC.…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Explain different types of financial services with examples.

A: Answer 1: Types of financial services: Banking Banking service provides services like a savings…

Q: Which of the following is not an external user of a business’s financial information? a. Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: he analysis of financial statements can be undertaken by any stakeholder who include; owners of the…

A: Financial statements are statements that are prepared at the end of the period to analyse the…

Q: Who are the primary users of financial accounting information?

A: Primarily there are 2 types of users of financial accounting information: Internal users External…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: The financial information of the company is used by many internal & external users for getting…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: What is the most important knowledge you were able to generate from taking Financial Accounting and…

A: Answer: Financial accounting and reporting is the area which deals on recording of transactions as…

Q: ncial information   Reporting financial information   Summarizing fin

A: Accounting involves many activities with the aim to prepare and present all transactions incurred by…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

A: Financial accounting: It involves identifying, recording, summarizing and reporting the economic…

Q: Which of the following is true about financial accounting? It provides information to investors and…

A: Financial accounting: It can be defined as a process that relates to the preparation of financial…

Q: users of the information

A: Users of financial information are people who read and understand financial statements and make…

Q: External users of financial accounting information include all of the following except ________.…

A: There are two types of users for financial accounting. 1. Internal users 2. external user Internal…

Q: What can an investor do to better understand details and accounting choices the company has made in…

A: Auditors report provides  users about  adequancy of the financial position of company. It's true and…

Q: Financial accounting serves which primary function(s)?  a. Measures business activities. b.…

A: Financial accounting is a branch of accounting which deals into summarisation, analysis and…

Q: Financial reporting depends on the needs of external users of the information reported. Who are the…

A: Financial reporting is done and provided by all types of companies irrespective of the industry in…

Q: The following categories of people are recognized as users of the information contained in financial…

A: Owners: stockholders or investors need financial information for knowing the current profitability…

Q: Discuss the two main branches of accounting and explain the differences between financial accounting…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Which of the following is NOT a purpose of the Transaction Processing System?a. managing and…

A:

Q: If you were given the option to prepare a statement either Income statement, Balance sheet…

A: Financial statement: Financial information is a written record of an organization and individual…

Q: External users of fi nancial accounting information includeall of the following except:a. Investors.…

A: External Users:   The external users are the users of the information who are outside the…

Q: Why do you think providers of finance are interested in a company's accounting information?

A: Finance means a money management system like Borrowing money, investing money, expenses money,…

Q: Conduct Applied Research on Accounting Theory and the Relevance to Financial Reporting.

A: Bookkeeping hypothesis could likewise be used to disclose existing practices to amass a superior…

Q: Which of the following is an internal user of a company's financial information?   A shareholder in…

A:

Q: Statements prepared to know profit or loss and financial position of the business are called:…

A: Various statements are prepared to know the profit or loss and financial position of the business

Q: A banks system is considered as financial intermediary. This financial intermediary can be used by…

A: A financial intermediary is a mediator of a financial deal between 2 people, including banks, an…

Q: The following categories of people are recognized as users of the information contained in financial…

A: In this question we need to answer the following questions: Identify the kind of information above…

Q: The users of accounting information such as investors, financiers, suppliers and government are…

A: Accounting information such as financial statements, Notes to accounts, etc will  be used by the…

Q: What is the direct impact on accounting firms who provide financial planning and/or mortgage broking…

A: Direct impact on accounting firms who provide financial planning and/or mortgage broking advice:…

Q: Financial statements can be used by which of the following groups?a. Individualsb. Investors and…

A: Definition: Financial statements: Financial statements are condensed summary of transactions…

Q: Accounting Write two types of financial institutions and explain about them?

A: Explanation of Concept Financial institution are the company which provide the financial services…

Q: inancial accounting provides economic and financial information for all of the following except…

A: The users are interested in financial information for the interest they had invested in the company.

Q: Explain the usefulness of Financial statement information to the following stakeholders:   i.…

A: Financial statement means the statement including income statement , balance sheet , cash flow…

Q: Explain the usefulness of Financial statement information to the following stakeholders: Financial…

A: Financial statements means statements that are prepared at the end of the period to analyse and…

Q: What type of financial information does each of the following user groups usually seek? a)…

A: Islamic accounting:   Islamic accounting as the name suggests is used by Islamic countries. Islamic…

Q: Financial accounting provides economic and financial information for all of the following except a.…

A: Financial accounting is the particular branch of the accounting that involves the procedure of…

Q: A set of financial statements:a. Is intended to assist users in evaluating the fi nancialposition,…

A: Financial statement refers to all the written recorded statements which are helpful in conveying the…

Q: What significant information should each of the following be aware of in the financial statements…

A: Financial statements are the key documents of the organization which state the financial position of…

Q: Financial accounting prepares the general purpose statements profit and loss account and balance…

A: General Purpose Financial Statements: Financial statements intended for a wide range of users are…

Q: According to the new Conceptual Framework, who among the following are primary users of financial…

A: Primary users are the the users for beneficiaries who are given a priority over the other concerned…