GCU ACC502 Week 1 Discussion (dq1+dq2) Latest 2021 March
ACC502 Accounting Practices
Week 1 Discussion
DQ1 External users of financial statements use the information to make key business decisions. Some common users include banks, investors, suppliers, and customers. Briefly describe one reason why one of these stakeholders would evaluate the financial information and provide at least one example to illustrate your ideas. Participate in follow-up discussion by providing additional reasons and examples that have not already been listed related to the stakeholders’ evaluation of financial statements.
DQ2 Internal users of financial statements use the information to make key business decisions. Some common users include managers, employees, internal accountants, and executives. Briefly describe one reason why one of these stakeholders would evaluate the financial information and provide at least one example to illustrate your ideas. Participate in follow-up discussion by providing additional reasons and examples that have not already been listed related to the stakeholders’’ evaluation of financial statements.
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