Question 1
Which of the following user groups generally receive information produced by the general ledger and reporting system?
◦ internal users
◦ external users
◦ inquiry processing by internal or external users
◦ All of these
Question 2
The general ledger system of an organization should be designed to serve the information requirements of both internal and external users. This means that the system should support
◦ producing expansive regular periodic reports to cover all information needs.
◦ the real-time inquiry needs of all users.
◦ producing regular periodic reports and respond to real-time inquiry needs.
◦ access by investors and creditors of the organization to general ledger balances.