1. Define the internal and external users of accounting data. What data would ea

Question

1. Define the internal and external users of accounting data. What data would each group most likely want to review? Please provide examples of each user type. 2. Describe the role ethics plays in the operation of an accounting system. Include a couple of examples. 3. Select three among the several accounting conventions prescribed by law, regulators, and accounting organizations. For each selection, describe its purpose and provide an example (not from the textbooks) of how it would be applied to an accounting system. 4. Describe each of the three main financial statements

Explanation / Answer

External Users of accounting information are NOT directly involved in running the organization. Internal Users of accounting information are those individuals directly involved in managing and operating the organization. http://www.swlearning.com/pdfs/chapter/0324182813_1.PDF Report Abuse

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