Briefly Discuss the External Users Need for High Quality Financial

question 12

Essay

Briefly discuss the external users need for high quality financial information.

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Definitions:

Environmental Performance Indicators

Metrics used to assess and communicate the environmental performance of an organization, focusing on areas such as emissions, resource use, and waste management.

Community Satisfaction Indicators

Metrics used to measure the happiness or contentment of a community's population with their living conditions or local facilities.

Strategic Decisions

Long-term choices made by a company's top management that affect the entire organization and are based on a thorough analysis of internal and external factors.

Environmental Costs

Expenses associated with the damage done to the environment, including cleanup, prevention, and regulatory costs.