Users of accounting information and value of the system
Not what you're looking for?
Who are the different users of accounting information? What are the differences between managerial and financial accounting? What are the differences between the CMA and CPA certifications? What is the value of the accounting function in your organization, both internally and externally?
Purchase this Solution
Solution Summary
The 480 word solution is a comprehensive view of groups of users of financial information including examples of types of data that would be of interest. There is also a discussion of CPA versus CMA as they relate to the practice of accounting.
Solution Preview
The users of accounting information can be either insiders or outsiders, but both are included in the group of stakeholders of a company. Insiders include the board of directors, corporate management, division heads, department heads, commission sales people, cost accountants, accounts receivable and accounts payable personnel, plus the payroll department. All need data produced by the accounting information system although their uses for the data may differ widely.
Users of data outside the corporation could include shareholders, stock market analysts, bankers, creditors, insurance companies, customers, and any other user who might wish to make a decision about dealing with the company.
Managerial Accounting is..."the process of identifying, measuring, analyzing, interpreting, and communicating ...
Purchase this Solution
Free BrainMass Quizzes
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Motivation
This tests some key elements of major motivation theories.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.