Jamenac Company recently released its first set of financial statements. Below is a list of potential users of the financial statements.
1. Labour Union
2. Employees
3. Canadian Imperial Bank of Commerce
4. CRA
5. Potential shareholders/ investors
6. Sales Manager
7. Marketing Manager
8. Economic planners
9. Provincial Securities Commission
10. Human Resource Director
11. Customers
Instructions
a. For each user identify whether the user is an external or internal user.
b. Provide a brief explanation as to the difference between external and internal users.

Question

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The Answer of Jamenac Company recently released its first set of financial statements. Below is a list of potential users of the financial statements.
1. Labour Union
2. Employees
3. Canadian Imperial Bank of Commerce
4. CRA
5. Potential shareholders/ investors
6. Sales Manager
7. Marketing Manager
8. Economic planners
9. Provincial Securities Commission
10. Human Resource Director
11. Customers
Instructions
a. For each user identify whether the user is an external or internal user.
b. Provide a brief explanation as to the difference between external and internal users.

Jamenac Company Recently Released Its First Set of Financial Statements