Question and answer
In your own words, how would you describe financial accounting? Select two users, one internal and one external, who you think benefit the most from accounting. Explain why and how you think they
benefit.
Financial accounting is preparing financial reports filled with information about the company's performance. This goes to investors, creditors IRS. [ The internal one would benefit the company to find out what they need to cut back on, where to invest better, etc. External would benefit the investors by showing them if the company is sound, the IRS sees if taxes are being paid correctly on all
monies earned, and the creditors base their lending rates on how well the company is doing. ]
Expert answered|itolduso|Points 7353|
Question
Asked 4/19/2011 7:45:26 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
17,454,174 questions answered
Popular Conversations
Factor the expression. 90x^2 + 33x + 3
Weegy: 90x^2 + 33x + 3 = 3(5x + 1)(6x + 1)
9/20/2014 1:19:07 AM| 5 Answers
What are some of the inventions and ideas attributed to Leonardo da ...
Weegy: And Leonardo da Vinci, who is known for his paintings, only managed to finish 17 paintings ... deficient social ...
9/20/2014 7:55:12 PM| 3 Answers
If your muscles are not getting enough oxygen during exercise, they ...
Weegy: If your muscles are not getting enough oxygen during exercise, they will stop moving. This is FALSE.
9/20/2014 4:37:01 PM| 2 Answers
From his time in Congress, Johnson was known for his skills in ...
Weegy: The answer is A. compromise. User: President Ford’s policy toward the Soviet Union focused on A. changing ...
9/20/2014 12:28:36 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 2298 [Total 26696]| Ratings 5| Comments 2248| Invitations 0|Offline
S
L
1
L
P
C
1
Points 2124 [Total 8655]| Ratings 9| Comments 2034| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 1731 [Total 17670]| Ratings 12| Comments 1611| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1718 [Total 11498]| Ratings 0| Comments 1718| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1525 [Total 18697]| Ratings 6| Comments 1465| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 614 [Total 11860]| Ratings 0| Comments 614| Invitations 0|Offline
S
L
Points 535 [Total 1205]| Ratings 0| Comments 535| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 530 [Total 19061]| Ratings 1| Comments 520| Invitations 0|Offline
S
1
L
L
Points 428 [Total 5552]| Ratings 4| Comments 388| Invitations 0|Offline
S
Points 64 [Total 64]| Ratings 2| Comments 34| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.