For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both.

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Business

Baby Maker

24 September, 21:48

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both.

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Frances Benjamin · Answer 1

Financial accounting information would most probably be used by creditors, tax authorities, investors, customers, and regulatory authorities. These users are concerned about the credit worthiness, credibility, feasibility, financial position, disclosure of accounting information.

Managerial accounting information would most probably used by the management, employees, and owners.

The users that use both are the owners, investors, and customers.