Which of the following is considered an internal user of a company's financial information?, An equity investor, A commercial bank lending money, A plant manager evaluating operational costs, A tax auditor from the government, Internal users mainly use acounting information to, Calculate taxes only, Make business decisions, Approve bank loans, Audit other companies, Owners use accounting information primarily to, Set tax rates, Approve government policies, Evaluate business performance and profitability, Provide loans to customers, Employees may use accounting information to determine, Exchange rates, Product quality only, Job security and bonus opportunities, Interest rates, Which of the following is NOT an internal user of accounting information, Bank, Department manager, Employee, Business owner, Department heads use accounting information mainly to, Monitor departmental expenses, Inspect competitors' factories, Collect taxes, Approve bank loans, Why do internal users rely more on managerial accounting reports than financial accounting reports?, Managerial accounting reports are required to be audited by an external CPA firm., Managerial accounting reports provide detailed, forward-looking information tailored for operational decisions., Managerial accounting reports are published quarterly for shareholders, Financial accounting reports are only prepared once every five years., The main purpose of accounting information for internal users is to, Prepare weather forecasts, Entertain customers, Increase government revenue, Help manage and improve business operations
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