ACC 280 WEEK 1 DQ 4 - Week 1 Who are the different users of...

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Week 1 Who are the different users of accounting information? What are the differences between managerial and financial accounting? What is the role of the CPA and how does it differ from other accountants? What is the value of the accounting function in your organization, both internally and externally?
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The different stakeholders of an organization are its users of accounting information . These users can be listed as follows: Management: They need the accounting information to know how they have performed and how can they do better. Shareholders: Being the owners, they definitely want to know the result and returns on their investments in the organization through the accounting information. Auditors: They need the accounting information to verify whether the information gives a true and fair view of the state of affairs of the organization. Lenders and Creditors: They need the accounting information related to credit worthiness of the organization. Investors and Financial analysts: They need the accounting information to decide about stock
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This note was uploaded on 11/21/2011 for the course ACC 280 280 taught by Professor Lindaking during the Spring '10 term at University of Phoenix.

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ACC 280 WEEK 1 DQ 4 - Week 1 Who are the different users of...

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