Question

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 6 7 8. 9 10

Answer 1

Ans:

Following are the different users of the Financial Accounting Information and Managerial Accounting Information:

1	Reporters from the Wall Street Journal	Financial accounting Information	Reporters from Wall Street Journal are external users.
2	Regional Division Managers	Managerial acounting Information	Regional Division Managers are Internal Users of the organization.
3	Potential Investors	Financial accounting Information	Potential Investors are external users.
4	Book-keeping Department	Managerial acounting Information	Book keeping Department are the internal users of the Organization.
5	Manager of the Service Department	Managerial acounting Information	Manager of the Service Department are the internal users of the organization
6	Wall street analyst	Financial accounting Information	Wall street Journal are the external users of the organization.
7	Division controller	Managerial acounting Information	Division controller are the internal users of the organization.
8	State Tax Agency Auditor	Financial accounting Information	State Tax agency Auditor are the external users
9	External auditor (Public Accounting Firm)	Financial accounting Information	External Auditor are the external users
10	Loan Officer at the Company's Bank	Financial accounting Information	Loan Officer at the Company's Bank are the external users.

Explanation:

Managerial accounting Information- focuses on internal users—executives, product managers, sales managers, and any other personnel within the organization who use accounting information to make important decisions.

Financial Accounting Information- 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.