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TASAccountingQuick questions
Financial Accounting
Quick questions on Users of Accounting Information - TCE Accounting (Tasmania)
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What are internal users?Show answer
Internal users are inside the business and have full access to detailed records.
What are external users?Show answer
External users are outside the business and usually see only summary reports.
What is matching information to the decision?Show answer
The key skill is linking a user to the decision and then to the report that answers it. A lender deciding on an overdraft cares about the current ratio and cash budget, not the fine detail of every sales invoice. The owner deciding whether to hire staff cares about profitability and the cash forecast. Reporting the right information to the right user is what makes accounting useful rather than just a pile of numbers.
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