Asked Dec 14, 2019

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

Expert Answer

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Users of Accounting Information: The users for financial accounting information are mostly outsiders, like investors, creditors, customers and the government agencies. They use the accounting information for taking informed decision. On the other hand, the users for managerial accounting are the insiders like the managers and employees. They use the accounting information for taking informed decision.


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