Users of Accounting Information

question 7

Essay

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

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Definitions:

Bodily-kinesthetic

Pertains to the intelligence that involves the use of the body to express oneself, solve problems, and manipulate objects, emphasizing physical coordination and skill.

Linguistic

Pertains to the study and structure of language, including its development, use, and relation to communication processes.

Spatial

Relating to, occupying, or having the character of space, often used in the context of understanding the physical location and dimensions of objects.

Musical

A theatrical performance combining music, songs, spoken dialogue, and dance to convey a story or express emotions.