Who Are the Likely Main Users of General-Purpose Financial Reports

question 5

Essay

Who are the likely main users of general-purpose financial reports of (a)governments and (b)private sector businesses? Briefly outline why each user group listed under (a)might be interested in the general-purpose financial reports of governments.Then explain the reasons for any similarities and/or any differences between the two lists of users.

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Definitions:

McClelland

Refers to David McClelland's theory on the three types of motivational needs - achievement, affiliation, and power - influencing human behavior.

Principal Needs

Refers to the fundamental requirements or essential priorities that guide decision-making and activities within an organization or project.

Herzberg's Findings

The results from Frederick Herzberg's research which identifies factors causing satisfaction and dissatisfaction in the workplace, leading to the motivation-hygiene theory.

Factors Of Motivation

The various psychological and physiological factors that drive individuals to act or behave in a certain manner.