Question

In: Accounting

Identify the following users as either external users (E) or internal users (I). a) Customers b)...

Identify the following users as either external users (E) or internal users (I).
a) Customers
b) Suppliers
c) Brokers
d) Business press
e) Managers
f) District attorney
g) Shareholders
h) Lenders
i) Sales clerks
j) FBI and IRS
k) Consumer group

Solutions

Expert Solution

a) Customers - Customers are external users as they don't participate in the operations directly from inside the organization.
b) Suppliers - Suppliers are external users as they don't participate in the operations directly from inside the organization
c) Brokers - Brokers are external users as they don't participate in the operations directly from inside the organization
d) Business press - Business press is external users as they don't participate in the operations directly from inside the organization
e) Managers - Managers are internal users as they participate in the operations directly from inside the organization
f) District attorney - District attorney are external users as they don't participate in the operations directly from inside the organization
g) Shareholders - Shareholders are external users as they don't participate in the operations directly from inside the organization
h) Lenders - Lenders are external users as they don't participate in the operations directly from inside the organization
i) Sales clerks - Sales clerks are internal users as they participate in the operations directly from inside the organization
j) FBI and IRS - FBI & IRS are external users as they don't participate in the operations directly from inside the organization
k) Consumer group - Consumer Group are external users as they don't participate in the operations directly from inside the organization


Related Solutions

There are external and internal users of accounting information. Which of the following will be considered...
There are external and internal users of accounting information. Which of the following will be considered as an external user of accounting information for Gizmo Traders? (a) Employees, investors and lenders of Gizmo Traders (b) Investors and lenders of Gizmo Traders as well as government and their agencies. (c) Management, employees and customers of Gizmo Traders. (d) The general public, customers of Gizmo Traders and Gizmo Traders suppliers and other trade creditors. (e) Employees and lenders of Gizmo Traders as...
Identify at least 2 internal users and 1 external user. Based on the demo and readings,...
Identify at least 2 internal users and 1 external user. Based on the demo and readings, briefly explain how their needs for health data are met. (10 points) How is the social history structured and formatted? What purpose does the social history serve in the overall patient care? Does the particular social history depicted in the video fully satisfy the intended purpose? (10 points) Identify at least 5 abbreviations that you saw in the video demonstration. What are the general...
Discuss the differences between internal and external users of information ..
Discuss the differences between internal and external users of information and their needs and demands on an information system. Historically, which type of user has the firm catered to most? 
Differentiate between internal users and external users and explain the examples of the accounting information required.
Differentiate between internal users and external users and explain the examples of the accounting information required.
Thinking about the types of users: Internal and External users, How do each type of user...
Thinking about the types of users: Internal and External users, How do each type of user effect the accounting process in an organization? What types of users have the most impact and why? responses must be 100 words minimum.
why are owners considered external users of financial information while board of directors are internal users.
why are owners considered external users of financial information while board of directors are internal users.
The ultimate goal of accounting is to provide both internal and external users with information that...
The ultimate goal of accounting is to provide both internal and external users with information that is relevant and reliable for their decision making purposes. US companies are subject to various reporting requirements, as mandated by the Securities Exchange Commission. Go to the U.S. Securities & Exchange Commission site Use Edgar to find the 12-31-2017 Annual Report (10K) for Southwest Airlines and respond to the following questions. 1.) What amounts did Southwest report for the following items for the year...
The long-term success of a company is of particular interest to both internal and external users...
The long-term success of a company is of particular interest to both internal and external users of financial statements. The long-term success can be highlighted through the types of assets they have along with the Retained earnings of the company. The liabilities are however a direct reduction of these two items. How would you go about indicating to investors that all account balances are valid and free from potential errors? What types of financial records and information would you use...
The sources of business financing for assets acquisitions come from either internal or external sources. Internal...
The sources of business financing for assets acquisitions come from either internal or external sources. Internal sources such as retained earnings are the cheapest but Scarce or not enough for large assets investments. External sources (debt and equity) are more expensive and corporations have to decide on how much debt and equity to use over time (known as capital structure). Understanding characteristics of debt and equity is a key challenge to financial managers and of great importance to corporations’ market...
External and Internal Analysis of a business definition: The internal analysis tries to identify the current...
External and Internal Analysis of a business definition: The internal analysis tries to identify the current strategy and the position of the company against the competition. The resources and abilities of the company must be evaluated, with special attention to the detection and elimination of weak points and enhancement of strong points, as well as the capacity of resistance of the company itself, that is, its strength in the event that the strategic formulation fails. The external analysis determines the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT