Who uses Accounts information?

May 13th, 2015
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Norfolk State University
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Internal users are those who manage the business and use accounting data in planning, controlling, and evaluate business and use accounting data in planning, controlling and evaluating business operations

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Chapter 1 What is accounting?Accounting is an information system that identifies, records, and communicates economic events of an organization to interested users.Identifying involves selecting those events that are considered evidence of economic activity, relevant to a particular business organization. Once identified and measured in dollars and cents economic events are recorded and cents, economic events are recorded to provide a permanent history of the financial activities of the organization. Recording consists of keeping a chronological diary of the measured events in an orderly and systematic manner.The information is communicated through the preparation and distribution of accounting reports, the most common of which are called financial statement.Who uses accounts information?Internal users are those who manage the business and use accounting data in planning, c

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