Financial information have different group of users. Mention any six (6) groups of financial information users and briefly outline their information needs

Q: For each of the following users of financial ače accounting information, specify whether the user…

A: Important thing to Note the parties which are outside to the organization will not have access to…

Q: write the importance of Financial Information and its distribution in 5 key points/headings

A: A financial statement is prepared by the company in order to retain the accounts and financial…

Q: What are financial statements and explain different types of users of finanacial statement including…

A: Financial statements are written records that explain the operations and financial performance of a…

Q: Accounting and bookkeeping are two different types of financial reporting

A: Accounting and bookkeeping are two separate forms of financial reporting, as explained in this…

Q: Relevant definition or description is: a. Relevant financial information is capable of making a…

A: With the help of the financial statements, the financial status or position will be identified. The…

Q: Who are the primary users of financial accounting information?

A: Primarily there are 2 types of users of financial accounting information: Internal users External…

Q: what is  the four major financial statement? What is the purpose of each?  Which must be prepared…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The following are characteristics of financial accounting, except A. It is used by both internal…

A: Financial Accounting: It is a technique of recording, summarizing, and reporting the transactions…

Q: ancial report

A: Financial reporting refers to the concept of evaluating and formulating all the documents of the…

Q: ncial information   Reporting financial information   Summarizing fin

A: Accounting involves many activities with the aim to prepare and present all transactions incurred by…

Q: users of the information

A: Users of financial information are people who read and understand financial statements and make…

Q: task of financial accounting

A: Financial accounting is recording day to day business transactions to get a clear picture of…

Q: Statements of Financial Accounting Concepts set forth financial accounting and reporting objectives…

A: Note :- Since you have posted a question with multiple sub-parts, we will solve first three…

Q: What are financial statements and explain different types of users of finanacial statement including…

A: Financial statements are statements that are prepared at the end of the period in order to analyse…

Q: prudence concept a

A: Prudence concept is a fundamental accounting concept.

Q: Please I want answer for this question by your understanding and experience in this field and typing…

A: The financial statements of an organization replicate a genuine image of its monetary presentations.…

Q: Explain what makes information in financial statements relevant to use

A: Solution- I think Cash flow statement is the most important for investor to look at although he gets…

Q: Write down the number of groups that provide financial information as well as several external user…

A: Internal users of financial statements are those entities who operate within the organization.…

Q: Financial accounting is the area of accounting aimed at serving __________ by providing them with…

A: Financial accounting helps in preparing financial statements like Statement of Income, balance sheet…

Q: The IASB’s Framework for the Preparation and Presentation of Financial Statements gives qualitative…

A: The IASB’s Framework for the Preparation and Presentation of Financial Statements gives qualitative…

Q: The following categories of people are recognized as users of the information contained in financial…

A: In this question we need to answer the following questions: Identify the kind of information above…

Q: please help me with a statement of financial position using below information?

A: From the given trial balance, it can be determined that this is a trial balance of sole…

Q: Name some of the various types of financial intermediaries described in the chapter and indicate…

A: Financial intermediary: It is a company which acts a broker in financial transactions between two…

Q: The framework identifies certain qualities that make the information presented on financial…

A: The financial statement includes: Income statement  Balance Sheet Cash flow statement Statement of…

Q: 2 General purpose financial statements are designed to a meet all the information needs of the…

A: As per our protocol we provide solution to the one question only but you have asked multiple…

Q: How should a reader interpret financial statements? Explain and give example using financial…

A: Essential Financial Statements are The Balance Sheet, The Income Statement, The Cash Flow Statement,…

Q: What are the three important Financial Statements? Explain the same with illustration and examples…

A: The three important financial statements are -

Q: Compare the essential features of each financial account statement to analyse the differences…

A: "As you have asked about the features, purpose and contents of financial account statements, I will…

Q: What are the importance of financial statement? What is the purpose of financial statement?

A: The financial statement is organized summaries of detailed information about the financial positions…

Q: Financial accounting provides economic and financial information for all of the following except a.…

A: Financial accounting is the particular branch of the accounting that involves the procedure of…

Q: financial accounting please give me the answer of this question thanks

A: The question is related to determine the amount of cash balance by preparing Balance Sheet as on…

Q: Describe the basic financial statements , their purpose and their importance to various internal and…

A: Financial statements are considered as basic and one of the most important elements of financial…

Q: The synonyms of financial statements are? a. Financial analysis b. Financial reports c. Financial…

A: Financial statements are those statements which are prepared at the end of accounting period in…

Q: It's important to know who and how you'll be using financial statements

A: The goal of financial statements is to give relevant information to a wide variety of users…

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…