Q.Who is considered to be the internal user of the financial information ?

Employees are internal users of accounting information; customers, creditors and government are external users.

Users of accounting information are grouped as:

• Internal users — those inside the business: owners/proprietors, management and employees (interested in job security, wages, bonus and the firm's stability).
• External users — those outside the business: creditors and lenders, customers, government and tax authorities, investors, and researchers. …