Which of the following is not an external user of a business’s financial information? a. Taxing authorities b. Customers c. Employees d. Investors

Q: Financial accounting is one of the branches of accounting specialized in recording, classifying,…

A: Financial accounting is used to prepare financial statement which helps in calculating Revenue…

Q: How does the time period assumption affect an accountant's analysis of business transactions ?

A: Time period assumption state that business organizations are required to prepare and present their…

Q: What is financial reporting and why it is important for business organisation?

A: Financial Reporting:   Financial reporting is the financial results of an organization that are…

Q: accounti

A: There are various branches of accounting say Financial Accounting, Cost Accounting, Management…

Q: Indicate whether the following statements are (True) or (False) and correct the false statements:…

A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: The financial statements of a company are management's, not the accountant's.” Discuss the…

A: Financial statement: Financial statements are prepared to summaries the account at the end of the…

Q: As a potential investor in a firm or perhaps the buyer of a particular business, would it be…

A: Financial Statements are documents which contains all the material information related to the…

Q: Which of the following is an internal user of a company’s financial information? a. board of…

A: Internal users of the company's financial information refer to the people who manage the daily…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: The financial information of the company is used by many internal & external users for getting…

Q: Before making any major business decisions, why is it important to understand the impact of the…

A: Finance plays an important role when making any crucial decisions for the company. Important…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: Why is it necessary to have accounting standards? O A. so managers in the company can control the…

A: Accounting standards are necessary because of the following reasons:- The guidelines for treatment…

Q: An organization’s investors and creditors will primarily use information provided by:a. the…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Management accounting provides economic and financial information for external users such as…

A: Management accounting: It is the process of preparing the reports of a business operation helping…

Q: Management, not the accountants, prepares a company's financial statements. Think what what this…

A: The answer :

Q: What is financial reporting and write the types of reports prepared in business organisation?

A: Financial reports are the reports that to be made available to the stakeholders/public by providing…

Q: ial rep

A: Financial Reporting Servicing Whether it's production or service, there are various divisions that…

Q: What can an investor do to better understand details and accounting choices the company has made in…

A: Auditors report provides  users about  adequancy of the financial position of company. It's true and…

Q: Financial accounting serves which primary function(s)?  a. Measures business activities. b.…

A: Financial accounting is a branch of accounting which deals into summarisation, analysis and…

Q: The basic function of financial accounting is to Select one: a. Interpret financial data b. Record…

A: Introduction:- Accounting is an art of recording, classifying, summarizing and interpreting the data…

Q: why do businesses produce financial statements?

A: INTRODUCTION: Financial statements are detailed documents produced by the management of a company to…

Q: Which of the following would not be considered internal users of accounting data for a company? a.…

A: The company produces accounting data in the form of financial reports and related disclosures. There…

Q: TRUE OR FALSE     The only users of financial information are the owners of a business

A: The financial information consists of financial statements including Profit and loss and balance…

Q: Why do you think providers of finance are interested in a company's accounting information?

A: Finance means a money management system like Borrowing money, investing money, expenses money,…

Q: Which of the following is an internal user of a company's financial information?   A shareholder in…

A:

Q: Statements prepared to know profit or loss and financial position of the business are called:…

A: Various statements are prepared to know the profit or loss and financial position of the business

Q: What is included in the financial section of a business plan?     a. the industry, business…

A: Financial section of the business represent the financial position of the firm now and what it will…

Q: Which of the following is a major challenge facing the accounting profession? O A. Accounting for…

A: Major challenges facing the accounting profession are :- Non financial measurements Forward looking…

Q: Which of the following types of businesses require financial information to operate effectively?

A: The following types of businesses require financial information to operate effectively are:(1)…

Q: Shareholders are external user of accounting information . The answer is true or false

A: The objective of the financial statement or accounting information is to provide information about…

Q: Identify the following questions as most likely to be asked by an internal (I) or an external (E)…

A:

Q: What  is  the  double entry  system  in accounting?

A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…

Q: Explain how accounting principles are used to analyze a business’s financial health, What accounting…

A: Introduction: Financial analysis based on accounting standards entails both analysis and…

Q: Why is financial information very important in business?

A: The importance of financial information an organization is given below as, Financial Information…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: A concept of accounting that indicates that the financial records of the business should be kept…

A: Business: A business is an organization entirely made for earning profits or for fulfilling social…

Q: what is professional judgement in financial accounting ?

A: Financial accounting is that branch of accounting which deals in recording of transactions,…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: What uses of financial accounting information are made by (a) investors and (b) creditors?

A: Financial accounting information provides information regarding the financial activities of the…

Q: who are users of financial statements that applies to each different type of business analysis?

A: Business analysis is the process of evaluating the risks and prospects of the organization for…

Q: Which of the following are not included in the external users of accounting nformation? O a. Tax…

A: There are two types of users of accounting information. Internal users  External users.

Q: 1. is the phase of accounting where transactions are analyzed whether accountable or non-accountable…

A: Note: As per the policy, we are supposed to solve first three subparts at a time. Kindly repost the…

Q: Who performs financial analysis to make operating, financing, and investment decisions of a company?…

A: The company is established to earn profit and achieve financial success. The entity needs to ensure…

Q: Which of the following is an internal user of company's financial information? a. company treasurer…

A: Internal users of the financial information are the person whose interest is directly involved in…

Q: what is the different information on the financial statement that will help you understand the…

A: In order to determine the financial position of the company, a financial statement is essential. It…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.