Financial reporting depends on the needs of external users of the information reported. Who are the users of government and nonprofit financial reports? Also, identify at least one difference between the needs of each of these user types and the needs of stockholders in business entities

Financial reporting depends on the needs of external users of the information reported. Who are the users of government and nonprofit financial reports? Also, identify at least one difference between the needs of each of these user types and the needs of stockholders in business entities

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 3EA: Define each of these users of accounting information as an internal user of external user Management...

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Question

Financial reporting depends on the needs of external users of the information
reported. Who are the users of government and nonprofit financial reports? Also,
identify at least one difference between the needs of each of these user types and
the needs of stockholders in business entities.

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