NEW
Font size
WorksheetsUSERS OF ACCOUNTING INFORMATION
Total questions: 15
Worksheet time: 11mins
Parties outside the reporting entity or company
Internal users
External users
Employees
Owners
Who utilize accounting information to make lending decisions :
Investors
Customers
Creditors
Employees
Who may need accounting information to decide whether to put money on a particular company?
Investors
Creditors
Customers
Suppliers
Employees use accounting information to
run the business
make lending decisions
determine a company's profitability and possibility of salary increase
decide which products to buy from which companies
Government agency which renders services in preparing and collecting of taxes of individuals and businesses.
COA
BIR
BSP
DBM
Users of Accounting Informations are
Owners of Business
Management of Business
Creditors
All of the above
Why the employees need the accounting information?
To lend money
To request wage increase and other benefits
To make sure the company can setle debts
Which of the following are not the internal user of accounting information?
Manager
Financial institutions
Business owners
Employees
Which of the following is the example of internal users
Government
Investors
Creditors
Employees
Which one of the following is not an external user of accounting information?
Investor
Creditor
Manager
Customer
Owners and managers need financial information in order to
grant loans
issue credit
collect taxes
make decisions on business operations
The following are internal users of Accounting Information, except:
Investors
Owner
Manager
Employees
What regulatory authority uses accounting information to know if the company is paying the right wages, overtime pay and other benefits to its employees?
Department of Trade and Industry
Department of Labor and Employment
Securities and Exchange Commission
Bureau of Internal Revenue
The following are the common questions of Internal Users of Information, except:
Is cash sufficient to pay the bills?
Which product line is the most profitable?
Will I earn from my investment?
What is the cost of manufacturing each unit product?
What is the common question asked by the investor of a business?
Is cash sufficient to pay the bills?
Which product line is the most profitable?
Will I earn from my investment?
What is the cost of manufacturing each unit product?
