Why did the external users and internal users use accounting information?

Santa Armstrong asked a question: Why did the external users and internal users use accounting information?
Asked By: Santa Armstrong
Date created: Sat, Jul 17, 2021 5:11 AM

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FAQ

Those who are looking for an answer to the question «Why did the external users and internal users use accounting information?» often ask the following questions:

👉 What group or groups of people are not considered to be the external users of accounting information?

Internal Users of accounting information would not usually be external users. Management, staff, the board, would all be classed as internal users of financial information.

👉 Differentiate internal public relation and external public relation?

The difference between external and internal PR is simply that Internal PR is done for the employees of the organization (or say, the personal crew of a celebrity). On the other hand, PR done for people not directly in the organization is external PR, such as PR for your trade people, distributors, retailers, media, government, media and the society (whichever area you are targeting).

👉 Where does the external information come from?

Most external information comes from secondary sources some of which include, government and private statistical departments and agencies, professional journals, media, etc.

1 other answer

Those who use accounting information for the selfness of company/enterprise or for taking decision,are called internal users. Those who use accounting information for ownself and they have no ability to take decision.

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