Financial Accounting Presentation

What are the External Users of Financial Accounting?

• Suppliers

• Creditors

• Customers

• Employees

• All of the above

Which of the following is not an Internal User of Financial Accounting

• Investors

• Employees

• Managers

The general purpose of the financial

statements is to provide information about the ____________, financial

position, and cash

flows of an organization.

This information is used by the readers of financial statements to make ___________ regarding the allocation of resources.

The accounting process provides __________ for a broad range of individuals whose objectives in studying the data vary widely.