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Discuss Internal and External Users of Accounting Information

question 180

Essay

Discuss internal and external users of accounting information. What areas of accounting provide them with information? Give an example of the type of report each type of user might use.


Definitions:

Flotation Costs

The costs incurred by a company when it issues new securities, including fees for underwriting, legal advice, and registration.

Definition

A statement expressing the essential nature of something or a clear explanation of the meaning of a word or phrase.

Pure Play

A company that focuses on a single type of product or service, without diversification into other areas.

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