Need for financial information, role, activities and users of accounting information Describes the role of financial accounting
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Need for financial information, role, activities and users of accounting information
Describes the role of financial accounting and financial reporting. Is there a relationship? List and describe the categories of stakeholders that need financial information. It distinguishes between investor (investors) and creditors (creditors) as users of the information of the financial statements. Explain how financial reporting helps to solve problems. What are generally accepted accounting principles (GAAP).
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