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Users of accounting information The textbook, Smart, Awan Baxter, p. 21 lists the following seven stakeholders who have an interest in accounting...
Users of accounting information The textbook, Smart, Awan & Baxter, p. 21 lists the following seven stakeholders who have an interest in accounting information:
owners and investors
managers
creditors and lenders
employees
the government
unions
the general public.
Question. For each of the first five listed stakeholders above (i.e. excluding unions and the general public), state:
i) a specific decision that the stakeholder would make, that would require accounting information before they made it
Note: do not use the same type of decision twice.
ii) the specific accounting information they would require for that decision
iii) the financial statement from which they would obtain that required information.