List five users of financial accounting information and explain
the significance of this information for each...
List five users of financial accounting information and explain
the significance of this information for each user and/or what type
of decisions that user would be making related to the financial
statements.
List five users of financial accounting information and explain
the significance of this information for each user and/or what type
of decisions that user would be making related to the financial
statements.
List TEN (10) users of
financial statement. Explain the importance of financial
information to these 10 users and briefly explain the impact of
E-Commerce having upon the role of the organization
accountant.
For each of the following users, (i) explain what accounting
information they require about a business and (ii) name
two statements or reports in which such
information are available?
Investors
Banks
Production manager
Divisional manager
Human resource manager responsible for performance
management
identify three (3) groups of financial statement users and
explain how each group uses the accounting information.
State the accounting equation and explain each composition of
the equation.
Describe the effects of business transactions on the accounting
equation in terms of increase or decrease of accounting equation
elements.
Explain what is meant by financial accounting and the primary
users. Do you think it is important to have rules for presentation
of financial statements? Why or why not?
300 words
There is a wide range of users of financial (accounting)
information. Every user has different needs.
Required: Identify any FIVE (5) users of financial information
and explain how their needs are met (or not) by financial
information. Who is responsible for providing this information?
Discuss how these needs are met or not met. (Think about the
various ways they can get the financial information they
require)
Explain why each of the following groups might want financial
accounting information. What type of financial information would
each group find most useful?
The company’s existing shareholders.
Prospective investors.
Financial analysts who follow the company.
Company managers.
Current employees.
Commercial lenders who have loaned money to the company.
Current suppliers.
Debt-rating agencies such as Moody’s or Standard and
Poor’s.
Regulatory agencies such as the Federal Trade Commission.
Identify at least one other group that might want financial
accounting information about...