Identify Each of the Following as Either Internal or External

question 184

Essay

Identify each of the following as either internal or external users of accounting information. $$\begin{array} { | l | l | } \hline \text { A. } & \text { Payroll manager } \\\hline \text { B. } & \text { Bank } \\\hline \text { C. } & \text { President's secretary } \\\hline \text { D. } & \text { Internal Revenue Service } \\\hline \text { E. } & \text { Raw material vendors } \\\hline \text { F. } & \text { Social Security Administration } \\\hline \text { G. } & \text { Health insurance provider } \\\hline \text { H. } & \text { Managerial accountant } \\\hline\end{array}$$

---

Definitions:

Cash Outflows

Cash Outflows refer to money leaving a business or individual's possession, typically as payments for expenses, investments, or other financial obligations.

Accounting Period

A specific time period at the end of which an organization prepares financial statements, commonly a quarter or year.

Operating Cash Receipts

The cash received by a company from its operational activities, such as cash from sales or services rendered.

Operating Cash Payments

Cash payments made by a business for its operational activities, such as paying for goods, services, and employee salaries.