are financial statements primarily intended for internal or external users?
Homework Answers
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Though financial statements are primarily intended for the external users, it's data is used in preparing managerial reports which are useful for internal users. Preparation of financial statements is mandatory. The primary users of financial statements are investors, creditors, government, reviewers etc |
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are
financial statements primarily intended for internal or external
users?
The format income statement groups costs by and is intended primarily for reporting contribution: function external...
The format income statement groups costs by and is intended primarily for reporting contribution: function external contribution: behavior Internal traditional behavior, external traditional;function internal None of the above are correct.
Users of accounting information can be divided broadly into two types: internal users and external users....
Users of accounting information can be divided broadly into two
types: internal users and external users. Complete the table below
for each type of user, indicating how they use information and
whether they are an internal or external user.
User
Use of
Information
Internal/External
User
1.
Shareholder
2.
Chief Financial Officer
3.
Employee
4.
Bank
5.
Canada Revenue Agency (CRA)
QUESTION 2 Identify 3 EXTERNAL users of financial information/statements and list 3 questions per each of...
QUESTION 2 Identify 3 EXTERNAL users of financial information/statements and list 3 questions per each of these they might ask the company? TTT Arial 3 (12pt) • T Three external users of financial information/statements are
Which of the following statements about users of accounting information is incorre Present creditors are external...
Which of the following statements about users of accounting information is incorre Present creditors are external users. Regulatory authorities are internal users. Taxing authorities are external users. O Management is an internal user.
External users of financial statements use the information to make key business decisions. Some common users...
External users of financial statements use the information to make key business decisions. Some common users include banks, investors, suppliers, and employees. Briefly describe one reason why each stakeholder would evaluate the financial information and provide a specific example to illustrate your ideas.
1. External users generally depend on the financial statements prepared and published by an organization to...
1. External users generally depend on the financial statements prepared and published by an organization to provide the information they need for decision-making. The Internet and database technology make it possible for an organization to allow external users to have access to detailed transaction data on an ongoing basis. What are the advantages and disadvantages of such an arrangement to external users and the organization? 2. The use of a worksheet is an optional step in the accounting process. Many...
What branches of accounting focuses on information for external users and internal users?
What branches of accounting focuses on information for external users and internal users?
All of the following would be classified as internal users of financial statements except: Company officers...
All of the following would be classified as internal users of financial statements except: Company officers Creditors Marketing managers Human resource director
Identify the following users as elther external users (E) or Internal users (). a. b c...
Identify the following users as elther external users (E) or Internal users (). a. b c d Lenders Research and development managers Executive employees External auditors 22 ITI e. I I f. h. Business press Customers Service managers Labor unions Purchasing managers Boards of directors Production managers Voters 1. 1. K 1.
Thread View Nest View Select User Discussion Post 3: Importance of Financial Statements to External Users...
Thread View Nest View Select User Discussion Post 3: Importance of Financial Statements to External Users Why are companies' financial statements useful to external users such as banks and governments? Respond to the question with supporting arguments. Then review two classmates' responses and comment on them as to whether you agree or disagreed with their posts and why. Your post should be exactly 150 words. Posted By: Ashford Ches Modified Date: 07/30/2020 12:19 PM Start Date: No Date Assigned End...
The format income statement groups costs by and is intended primarily for reporting contribution: function external contribution: behavior Internal traditional behavior, external traditional;function internal None of the above are correct.
Users of accounting information can be divided broadly into two
types: internal users and external users. Complete the table below
for each type of user, indicating how they use information and
whether they are an internal or external user.
User
Use of
Information
Internal/External
User
1.
Shareholder
2.
Chief Financial Officer
3.
Employee
4.
Bank
5.
Canada Revenue Agency (CRA)
QUESTION 2 Identify 3 EXTERNAL users of financial information/statements and list 3 questions per each of these they might ask the company? TTT Arial 3 (12pt) • T Three external users of financial information/statements are
Which of the following statements about users of accounting information is incorre Present creditors are external users. Regulatory authorities are internal users. Taxing authorities are external users. O Management is an internal user.
Identify the following users as elther external users (E) or Internal users (). a. b c d Lenders Research and development managers Executive employees External auditors 22 ITI e. I I f. h. Business press Customers Service managers Labor unions Purchasing managers Boards of directors Production managers Voters 1. 1. K 1.
Thread View Nest View Select User Discussion Post 3: Importance of Financial Statements to External Users Why are companies' financial statements useful to external users such as banks and governments? Respond to the question with supporting arguments. Then review two classmates' responses and comment on them as to whether you agree or disagreed with their posts and why. Your post should be exactly 150 words. Posted By: Ashford Ches Modified Date: 07/30/2020 12:19 PM Start Date: No Date Assigned End...
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