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.

---

Definitions:

Sacred

Pertains to something regarded with great respect and reverence, often connected to religion or spirituality.

Profane

Something that is not sacred or religious; secular or worldly.

Émile Durkheim

A French sociologist known for his foundational contributions to the study of social order, religion, and suicide.

Opium Of The People

A metaphor used by Karl Marx to describe religion's role in society, suggesting it is a way of providing people with consolation that detracts from the realities of their oppression.