Homework Answers
Ans B
Bank where business is applying for loan
Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.
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Which of the following is an external user of a business's financial information? O Business's Board...
Which of the following is not an external user of a business's financial information? O A....
Which of the following is not an external user of a business's financial information? O A. Investors OB. Customers O c. Employee OD. Taxing authorities
E1-13A ydentify users of accounting information (Learning Objective 3) ach of the following users of financial...
E1-13A ydentify users of accounting information (Learning Objective 3) ach of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both 1. Reporter from The Wall Street Journal 2. Regional division managers M 3. Potential investors F A 4. Bookkeeping Department 5. Manager of the Service Department 6. Wall Street analyst 7. Division controller 8. State tax agency auditor 9, External auditor (public...
Q 1.1: Which of the following statements about accounting information is TRUE? A Accounting information is...
Q 1.1: Which of the following statements about accounting information is TRUE? A Accounting information is useful to external users such as the directors of a company. B Accounting information is useful to internal users such as labour unions. Accounting communicates detailed financial information to the competition. D Accounting communicates financial information about a business to both internal and external users. Mert for Review Confidence 9 1: SUBMIT © DOLL Q 1.1: Which of the following statements about accounting information...
Problems 1. USERS OF INFORMATION Classify the following users of information as cither: I-internal user T...
Problems 1. USERS OF INFORMATION Classify the following users of information as cither: I-internal user T extemal user: trading partner s-external user: stakeholder a. Internal Revenue Service b. Inventory control manager c. Board of directors d. Customers e lending institutions f. Securities and Exchange Commission g. Stockholders h. Chief executive officer i Suppliers j. Bondholders 4. INFORMATION SYSTEM CATEGORIZATION Classify the following as tasks performed by either: TPS transaction processing system
For each of the following users of financial securing information and managerial accounting information, specify whether...
For each of the following users of financial securing information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both 1. 2. Financing omation Managerial courting information Financiering information 3. 4 Reporter from The Wall Street Journal Regional division managers Portwestors Bookkeeping Department Manager of the Service Department Wala analyst Division contre Stax agency auctor Extems auditor puble scoring firm Loan officer at the company's bar Mararicoring information Francong information...
Which of the following does a financial manager NOT need to have to carry out her...
Which of the following does a financial manager NOT need to have to carry out her responsibilities? Select one: a. Knowledge of the what the business's cashflows will be in the future. b. An understanding of the business's long-term strategy. c. A firm grasp of the business's accounting system. d. The ability to calculate the cost of investing in a product or business opportunity.
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.
For each of the users of accounting information, identify whether the user is an external decision...
For each of the users of accounting information, identify whether the user is an external decision maker (E) or an internal decision maker (1) (Click on the icon to view the users of accounting information) a. customer b. company manager c.Internal Revenue Service d. lender e. investor f. controller g. cost accountant h. SEC
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)
Which of the following factors should an external auditor should perform at the preliminary engagement (for...
Which of the following factors should an external auditor should perform at the preliminary engagement (for an F/S audit) activities? The reporting status of the internal auditor within the organization. Whether policies prohibit the internal auditor from auditing areas where relatives are employed. Whether the board of directors, audit committee, or owner-manager oversees employment decisions related to the internal auditor. None of the above choices are correct
Which of the following is not an external user of a business's financial information? O A. Investors OB. Customers O c. Employee OD. Taxing authorities
E1-13A ydentify users of accounting information (Learning Objective 3) ach of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both 1. Reporter from The Wall Street Journal 2. Regional division managers M 3. Potential investors F A 4. Bookkeeping Department 5. Manager of the Service Department 6. Wall Street analyst 7. Division controller 8. State tax agency auditor 9, External auditor (public...
Q 1.1: Which of the following statements about accounting information is TRUE? A Accounting information is useful to external users such as the directors of a company. B Accounting information is useful to internal users such as labour unions. Accounting communicates detailed financial information to the competition. D Accounting communicates financial information about a business to both internal and external users. Mert for Review Confidence 9 1: SUBMIT © DOLL Q 1.1: Which of the following statements about accounting information...
Problems 1. USERS OF INFORMATION Classify the following users of information as cither: I-internal user T extemal user: trading partner s-external user: stakeholder a. Internal Revenue Service b. Inventory control manager c. Board of directors d. Customers e lending institutions f. Securities and Exchange Commission g. Stockholders h. Chief executive officer i Suppliers j. Bondholders 4. INFORMATION SYSTEM CATEGORIZATION Classify the following as tasks performed by either: TPS transaction processing system
For each of the following users of financial securing information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both 1. 2. Financing omation Managerial courting information Financiering information 3. 4 Reporter from The Wall Street Journal Regional division managers Portwestors Bookkeeping Department Manager of the Service Department Wala analyst Division contre Stax agency auctor Extems auditor puble scoring firm Loan officer at the company's bar Mararicoring information Francong information...
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.
For each of the users of accounting information, identify whether the user is an external decision maker (E) or an internal decision maker (1) (Click on the icon to view the users of accounting information) a. customer b. company manager c.Internal Revenue Service d. lender e. investor f. controller g. cost accountant h. SEC
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)
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