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

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

127.Companies like Enron, WorldCom, and Tyco International, Ltd. have been caught in the midst of ethical lapses thatled to fines, firings, and criminal and/or civil prosecution. List and briefly describe three factors that are responsiblefor what went wrong in these companies.

128.List the five steps in the process by which accounting provide information to users.

129.Identify each of the following as either internal or external users of accounting information.

A.Payroll manager

B.Bank

C.President’s secretary

D.Internal Revenue Service

E.Raw material vendors

F.Social Security Administration

G.Health insurance provider

H.Managerial accountant