Relationship between accounting statements and reports


Response to the following problem:

At least eight different groups of users of accounting information can be distinguished, i.e.:

* Managers

* Investors

* Lenders

* Employees

* Suppliers and other creditors

* Customers

* Governments and their agencies

* Public

Suggest the information that each is likely to need from accounting statements and reports. Are there likely to be difficulties in satisfying the needs of all the groups you have considered with one common set of information?

 

 

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Accounting Basics: Relationship between accounting statements and reports
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