All of the following are external users of accounting information except: shareholders. o human resource managers. customers. o Internal Revenue Service, lenders. The going concern assumption: Prescribes that a company record the expenses it incurred to generate the revenue reported. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. Means that a business is accounted for separately from other business entities, including its owner. Means that we can express transactions and events in monetary, or money, units Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold