The Information Needs of a Specific User of Financial Accounting

question 17

Essay

The information needs of a specific user of financial accounting information depends upon the kinds of decisions that user makes. Identify the major users of accounting information and discuss what questions financial accounting information answers for each group of users.

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Definitions:

Temperament

The combination of mental, physical, and emotional traits of a person; natural predisposition, which is often evident from infancy.

Testosterone

The most important of the male sex hormones. Both males and females have it, but the additional testosterone in males stimulates the growth of the male sex organs in the fetus and the development of the male sex characteristics during puberty.

Assertive

Characterized by confidence and self-assurance in expressing opinions, desires, or boundaries without being aggressive.

Empathic

Having the ability to understand and share the feelings of another from their perspective.