Discussion Question 1In your own words how would you describe financial accounti

Discussion Question 1In your own words how would you describe financial accounting?Select two users one internal and one external who you thinkbenefit the most from accounting. Explain why and how you thinkthey benefit.Respond to your classmates postings by adding to their definitionsof financial accounting. Also respond to at least one posting thatdiscusses a different user than one you selected. Add to thebenefits of accounting for that user or explain how reading yourcolleagues statements has modified your view of that user.