Title: Identify the internal and external users of financial information.
Course: Lodging Management (12159) > Section: Performing Financial Functions

Identification should include

- internal users
  - management
  - department heads
  - owners

- external users
  - stockholders
  - bankers
  - investors
  - government
  - vendors
  - the community.

Process/Skill Questions:

- What are the potential problems associated with keeping inaccurate financial records?
- What financial information is used internally? How is it used?
- What financial information is used externally? How is it used?
- How often should reports be submitted to owners and shareholders?
- How should one handle requests for financial information from sources outside the department? From outside the lodging?
- What is the role of the manager’s daily report?