Question: Identify at least five classes of users (including at least one not-for-profit organization) of financial information about a given business (specify clearly the characteristics of

Identify at least five classes of users (including at least one not-for-profit organization) of financial information about a given business (specify clearly the characteristics of the business you chose) and list on what specific aspects of the life of the business (separating short- and long-term if necessary) each class of users might like to be informed. Show whether financial accounting, as described in the chapter, is likely to satisfy these classes of users. If you feel accounting statements do not provide all the relevant information needed, elaborate on at least three legitimate reasons why accounting information falls short of expectation of this or these classes of users.

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Investors cash flow and profit trend and shortterm and longterm expected evolution of these so as to evaluate potential return on their investment Bankers cash flow profit evaluation of solvency some ... View full answer

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