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Are employees internal or external users of accounting information, because I've always thought they are internal users and every where I've learned is internal users, but it shows here that it's external users ? [Video Time Stamp: 01:02] Video Details ------------- Accounting - CA Foundation (New) Meaning and Scope of Accounting #10. Users of Financial Statements
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Employees are primarily considered internal users because they operate within the organization. However, some academic frameworks classify them as external users because they do not make managerial decisions and do not have access to information which management has.