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Intro to Financial Accounting Assignment 1

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Explain who the stakeholders are that would be interested in the financial reporting of the company and what information would be most relevant to these stakeholders.
Stakeholders:
- Investors o Investors would be interested in their financial reporting because they would need to see if the company is making profits, their current situation, losses that they could have incurred and why this has happened, current and future projects, and etc. This information is important to the investors because they need to see whether this investment into the company is a good one or not. A good one in terms of its return on investment, stability, and risks. If it’s not a good investment then investors would likely sell their stocks of this company as they do not want to take any more losses.
- Creditors o Creditors would be interested in their financial reporting because they would need to see the performance of the company and its current situation. This is important because they would need to determine whether the company is able to pay back its loans that the creditors have lent. If they are not able to then the creditors would want the company sell of its assets so that they can gain back the principal plus interest of the loan.
- Management o Management would be interested in their financial reporting because they would need to see whether company is making profits or not. This is important because it reflects their performances. Good performances would mean they have done their job properly and may be able to get yearend bonuses. Moreover, they wouldn’t be losing their jobs due to poor performances done as the CEO can see these results in the financial reports.
- Auditors o Auditors would be interested in their financial reporting because they would need to see whether company’s financial report follows the accounting rules they are reporting under in,

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