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A major aim of financial information is to provide inputs for decision?making.?Accounting?can be described as the...

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Accounting

A major aim of financial information is to provide inputs fordecision?making.?Accounting?can be described as the informationsystem which identifies, records, and communicates the financialactivity of an entity to others.?The users?of accountinginformation are easily separated into two groups: internal usersand external users. Respond to the following in a minimum of 175words: Discuss who are the internal users and external users ofaccounting information. Discuss what the primary concerns are toboth groups.

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Internal users of accounting information are the managers of the firm who use the accounting data for day to day decision making Such accounting information is called management information system which helps the managers in taking informed decisions Managers need to take various decisions    See Answer
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