Question: Assignment Question (50 %Marks) Sometimes accounting is called as the language of business. Discuss the uses of accounting information to the insiders and outsiders of

Assignment Question (50 %Marks) Sometimes accounting is called as the language of business. Discuss the uses of accounting information to the insiders and outsiders of the organization that you work for or one that you are familiar with.

1. Introduction 5%

2. Review of Existing Practices 15%

3. Weaknesses 10%

4. Recommendations 10%

5. Conclusion 5% 6.

References 5%

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.