DQ 1 Wk 1 - company’s income. External users would be...

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Financial Accounting is an information system that allows businesses to keep track of information for later use. The system allows the user to identify, record, and communicate information. There are internal and external users; internal users would be would be someone within the company, such as someone from the marketing department. The marketing department would use the information in order to determine the price point in order to maximize the
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Unformatted text preview: company’s income. External users would be people outside the company, i.e. banks or creditors, who would use information in order to determine the risks of granting credit to the company. I find that all users of accounting benefit from the information. This is because it can allow them to complete their job in a better manner, and it allows them to make better decisions for the company....
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This note was uploaded on 10/28/2011 for the course BEH 225 taught by Professor Mrking during the Spring '09 term at University of Phoenix.

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