Financial accounting provides financial information to all of the following external users except:
Correct answer: C. Managers
- A. Government agencies
- B. investors
- C. Managers
- D. Creditors
Explanation
Managers are internal users who use accounting information for operational and strategic decisions. Government agencies, investors and creditors are external users of financial accounting information.
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About Financial Statements
Financial statements present a business's financial performance and position through the income statement, statement of financial position, cash flow statement and changes in equity. Questions involve preparing and interpreting these statements, adjusting entries, depreciation, closing inventory, accrued and prepaid items, and distinguishing profit from cash flow.
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