Identifying users of accounting information For each of the users of accounting information, identify whether the user is an external decision maker (E) or an internal decision maker (I): Customer Company manager Internal Revenue Service lender Investor Controller Cost accountant

Q: What are the different Decision support systems in accounting? (basic accounting decision support…

A: A decision support system is an interactive data platform that analyses huge amounts of data in…

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

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Q: how managers (internal user) and customers (external user) use accounting information?  Give one…

A: Introduction:- Users of accounting information are classified into two types as follows under:-…

Q: Identify the following questions as most likely to be asked by an internal (I) or an external (E)…

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: . State whether the following questions is True (T) or False (F): a) Management accounting provides…

A: As posted multiple independent questions we are answering only first three questions kindly repost…

Q: _____________ is devoted to providing information to the external users

A: External users are investors, creditors and other third parties who review the financials of the…

Q: Compare managerial accounting and financial accounting in terms of the following: • types of…

A: Solution:- Introduction:- Managerial accounting used by managers and directors to make decisions…

Q: Financial Accounting and Reporting, Advanced Financial Accounting and Reporting, Management…

A: The duties of a controller include assisting with the preparation of the operating budget,…

Q: Identify three ways that accounting systems help align thegoals of employees and the goals of the…

A: Accounting information: Accounting information is used in business measurement, performance…

Q: Providing information about the performance and financial position of companies so that users can…

A: Financial reportingIt is the standard practice to provide the stakeholders an accurate depiction of…

Q: Please select the aspect of accounting associated with the following activities   1. analyzing and…

A: The aspect of accounting through which all accounting process is operate the aspects are identifying…

Q: What are some of the uses that management may make of accounting information about individual…

A: In a company, generally, various divisions have been made according to the type and flow of work.…

Q: Distinguish between managerial and financial accounting in terms of the key consumers of their…

A: Introduction : When a company's transactions and economic activity throughout time are recorded and…

Q: Explain the purpose of financial and management accounting within an organisation. Within your…

A: Managerial accounting: Managerial accounting is a system, or a process of collecting and organizing,…

Q: What are  the factors that accountants should consider when setting up company accounting policy…

A: The assets are the items in the balance sheet of the company that will generate the future economic…

Q: Distinguish  between Managerial Accounting and Financial Accounting with respect to the primary…

A: The process of recording, summarising, and reporting to the public or regulators the flow of…

Q: What are the possible careers for someone skilled enough in accounting information system

A: The accounting profession has evolved from simple tax preparation and bookkeeping to the advanced…

Q: Accounting is the information system that a. measures business activities. b. communicates the…

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

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

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Q: Identify and discuss several professional organizations that play important roles in preparing…

A: The organizations listed below formulate and execute policies for the interest of investors in the…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: External users of accounting information are those persons which are external to the organisation…

Q: An information system that provides reports to stakeholders about the economic activities and…

A: Accounting: The practice of documenting financial transactions that are relevant to a company is…

Q: Management accounting

A: Option b is wrong because the statement is true. Management accounting helps the managers to plan…

Q: What is accounting? What type of information is provided by the accountants? How does an…

A: Meaning of Accounting: Accounting is the process of recording financial transactions pertaining to…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: External users of accounting information are those persons which are external to the organisation…

Q: Identify the following questions as most likely to be asked by an internal (I) or an external (E)…

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Q: he purpose of financial accounting is: a. Future oriented b. Providing accounting information to…

A: Solution: The purpose of financial accounting is " Communicating company position to external…

Q: Accounting designed to meet the needs of decision-makers inside the business is referred to as…

A: Lets understand the meaning of management accounting. It is a type of accounting designed to meet…

Q: Management accounting information: A.helps shareholders make decisions B.is used by lenders to…

A: There are two main forms of accounting being used by the business. One is financial accounting and…

Q: involves the development and 47 interpretation of accounting information intended specifically to…

A: Accounting is the process of collecting the relevant financial information, summarising and…

Q: Identifying users of accounting information For each user of accounting information, identify if the…

A: Identify the users of the accounting:

Q: Identifying users of accounting information For each user of accounting information, identify if the…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: provides individuals within an organization with the financial information needed to make good…

A: Accounting has various branches that are used for different purposes and parties. The cost…

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

A: Answer:   Management Accounting

Q: Determining the cost of producing specific products or providing services and analyzing for cost…

A: The answer is stated below:             Note: Answering the first three subparts as there are…

Q: dentify TWO external users of accounting information and explain how that accounting information…

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

Q: Accounting is the information system that Measures business activities. Communicates the results to…

A: " All of the above is the correct option" as accounting is the information system that examines the…

Q: Components of an accounting information system Measures working people hardware all of the above

A: The accounting information systems records and process both the financial and non financial…

Q: Discuss the factors that accountants should consider when setting up company accounting policy…

A: Accounting Policy- Accounting policies are the specific principles, foundations, conventions, rules,…

Q: Why does accountants need to learn about the technical aspects of information systems?

A: With the constant advancement in information technology, the accountants too need to have knowledge…

Q: Which of the following is not considered an analyticalaspect of the accounting profession?a.…

A: The analytical aspect of the accounting profession helps the management to make an efficient and…

Q: Management accounting information is used by internal users for various types making. What are the…

A: Management accounting information refers to the collective form of all the desired reports and files…

Q: An organization needs to keep flow of information with various internal and external parties.…

A: Accounting is defined as the procedure for recording, interpreting as well as summarizing the…