T-levels Mgt & Admin: Financial reporting stakeholders

Stakeholders are all the people with an ____ and each group has a ____.

• Interest in an organisation, specific area of concern

• equal share in the business, spokesperson

• opportunity for the organisation, specific price

• Interest in an organisation, common concern

The government’s interest in financial reporting is linked to its requirement to ____.

• deliver services

• run the economy

• collect taxes

• hire employees

Information requirements the government has include (select all that are correct):

• Employee personal data

• Business taxes, income tax, VAT

• National insurance payments

• Competitor intel

Businesses are expected to provide the government with ____ to help plan the ___.

• statistical information, tax budget

• competitive intel, economy

• confidential information, security of the country

• statistical information, economy

Investors/creditors will want to find out if a business can (select all that are correct):

• make loan payments

• hire good employees

• share dividend payments

• pay interest charges

Transparency of information sharing by businesses with investors/creditors may become a point of ___.

• credit worthiness

• credibility

• competitiveness

• corporate espionage

Employees’ concern with financial information is through their vested interests in the ___ and ___ of the business.

• management, shareholders

• credit worthiness, viability

• competitiveness, reputation

• future survival, growth

Employees will be primarily concerned with which aspects of financial reporting:

(select all that are appropriate)

• Salary packages and bonuses

• Business strategy and growth

• Competitor analysis

• Customer satisfaction metrics

The general public’s interest in a company’s financial reporting is indirect and includes: (select all that are appropriate)

• Salaries and packages

• Employment levels and opportunities

• Environmental issues

• Management structures and leadership styles

Management will gather financial information to help primarily with ___ and ___.

• decision-making, planning

• competitive intel, dividends payments

• employee hiring and firing

• salary information, bonuses