Who are Users of Accounting Information

The video tutorial explains the users of accounting information, focusing on two types: financial and managerial accounting. Financial accounting is primarily for external users like investors, creditors, and government agencies such as the IRS and SEC. Managerial accounting, on the other hand, is for internal users within a company, such as executives and managers. The video highlights the key differences between these two types of accounting.

Who are the primary external users of financial accounting information?

How does the role of government relate to financial accounting?

List some internal users of managerial accounting information.

Why is it important for managerial accounting information to be kept internal?

What is the main difference between financial accounting and managerial accounting in terms of users?