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

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: 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: how will a change from cash basis accounting to accural basis accounting positively and negatively…

A: Books of accounts can be maintained either using the cash basis accounting or using the accrual…

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

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

Q: w will accounting affect the stability of a business?”

A: Step 1 Accounting is important in running a company because it enables entity  to monitor revenue…

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: 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: ncial information   Reporting financial information   Summarizing fin

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

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: 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: What is an externality, and why do financial accounting practices typically ignore externalities?

A: Externality is the benefit or the cost caused through the producer that is not incurred financially…

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: 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: Which of the following is NOT a purpose of the Transaction Processing System?a. managing and…

A:

Q: Besides accountants, which users do you think rely on journal and ledger records (e.g., managers,…

A: Accounting is the procedure for recording, classifying, summarizing and interpreting the financial…

Q: Why is it necessary for accountants to assume that business entity will remain a going concern?

A: According to the going concern principle of accounting, it is assumed that the company's operations…

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: Explain how accouning principles are used to analyze a business’s financial health ,What accoun!ng…

A: Financial Analysis based on principles of accounting includes both analysis and interpretation. An…

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

A:

Q: How do business transactions affect the accounting records of a company?

A: Accounting Records - Accounting records are the transaction recorded by the organization from past…

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: What else is bookkeeping, and how does it relate to the corporate world

A: Accounting is the process of recording, summarizing, reporting the financial transactions that take…

Q: The users of accounting information such as investors, financiers, suppliers and government are…

A: Accounting information such as financial statements, Notes to accounts, etc will  be used by the…

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: What does the full disclosure principle require? O Companies must disclose transactions as part of…

A: The full disclosure principle states that:- financial statements should disclose all events and…

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: 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: hat kinds of limitations exist in analyzing a company just by reading its financial reports?

A: solution financial statements and reports basically means the statement of profit and loss account ,…

Q: Explain the accounting function of a business. What is the purpose of this function, and why is it…

A: Accounting responsibilities: Accounting functions may be divided into two categories: managerial…

Q: What requirement is imposed by the double-entry system in the recording of any business transaction?

A: “Since you have posted multiple questions, we will solve the first question for you. To get the…

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 role of ethics in accounting and business?

A: Ethics means the principles that govern a person's behavior and activities. These are the morals…