Users of Financial Accounting Information

Page Count: 2
Length: 407 Words

INTERNAL AND EXTERNAL USERS OF FINANCIAL ACCOUNTING INFORMATION

Financial abcounting inform`tion is used by internal entities (units and individuals within the reporting organization) and external entities (organizations and individuals outside of the structure of the reporting organization). The financial accounting information is equally important to internal and external entities. Because the uses of financial accounting information are different for internal and external users of such information, however, the criteria that determine the importance of financial accounting information internal and

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Category: Economics - U

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