Stakeholders

... may manage the business or appoint managers to do it for them. They need detailed financial data to run the business effectively and efficiently and make business decisions.

Much of the information that interests a ... is the management accounts used daily and not available to the public

• ·Business Owners

• Internal Stakeholders

• External Stakeholders

• Suppliers

• Shareholders

... such as accountants and salespeople may be interested in the company’s information as part of their work scope within the business. ... may also be interested in the company’s financial standing to assess their job stability.

• Internal Stakeholders

• Employees of the company

• Business Owners

• Customers

• External Stakeholders

... will rely on the company to provide them with regular supplies. They will be interested in whether the company is financially strong enough to continue to trade. They will also be interested in the profits that the company is making, considering them from the viewpoint of the prices they have to pay the company.

• External Stakeholders

• Customers

• Internal Stakeholders

• Business Owners

• Suppliers

... sell goods and services to the company. Their main concern will be that the company will be financially secure enough to pay them and continue to use their goods and services.

• External Stakeholders

• Suppliers

• Internal Stakeholders

• Shareholders

• Lenders

The ... will be interested to know if the company is complying with the law and how it uses its resources. This will help the ... understand what is happening in the economy and influence government policy.

• External Stakeholders

• Government and Local Authorities

• Internal Stakeholders

• Business Owners

• The Public

... are interested in the company’s results to determine how much money can be paid to ... each year in the form of dividends. ... will also be interested in how much money they could make if they sell their shares in the company.

• External Stakeholders

• Shareholders

• Customers

• Internal Stakeholders

• Auditors

... lend the company money for repayment in the future. Naturally, they want to be sure that the company will pay the principal and the interest on the loan every year. ... will therefore be interested in how much money and resources the company has and whether it looks like the company may find it difficult to repay what it owes.

• External Stakeholders

• Lenders

• Internal Stakeholders

• Business Owners

• Shareholders

... examine whether the financial statements present the results and financial position accurately. ... will review whether the annual financial statements agree with the detailed accounting records the company keeps. They will also work to check how reliable the company's accounting records are.

• External Stakeholders

• Auditors

• Internal Stakeholders

• Business Owners

• Government and Local Authorities

... will be interested in various aspects of the company, such as its contribution to the economy by providing jobs. ... will also be interested in anything the financial statements say about the company’s impact on the natural environment.

• External Stakeholders

• The Public

• Internal Stakeholders

• Customers

• Suppliers