The accounting information of a privately held company is generally available to all of the following except for ________.

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01-09-2022
Business

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The accounting information of a privately held company is generally available to all of the following except for ________.

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qwterabite qwterabite · Answer 1 · 2022-09-05T18:02:26+02:00

The accounting information of a privately held company is generally available to all of the following except for competitors.

Accounting is the procedure of organizing, analyzing, and communicating financial information basically used for decision-making. The main motive of accounting is to provide what is useful in the time of decision-making for future aspects.

Basically, Acessers to accounting information are divided into two groups: External and Internal. Here internal users refer to those who are within the organization such as managers and other employees associated with the organization, who can use the information for their day- to day decisions, whereas External users refer to those who are outside of the organization such as investors, financial analysts, loan officers, governmental auditors, agents, and an assortment of other stakeholders, who use that information to make a decision or to evaluate an entity's performance.

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