Stakeholders and their information requirements - class-XI

Financial statements are reports prepared by a company's management to present the financial performance and position at a point of time. A general purpose set of financial statements usually includes a balance sheet, income statement, statement of owner's equity and statement of cash flows. 

Financial accounting is a technique of recording all the business transactions in chronological order. The recorded transactions are further classified and summarized to give a true and fair view of the financial position to all the interested parties which are management, government and investors.

Dividends - Dividends are the sum of money to be paid to the members of the company out of the profits made by the company.

A person, group or organization that has interest or concern in an organization.
Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.
Stakeholders have interest in business organisation and hence they have some rights against business, protection of which is look after by government.

A stakeholder is either an individual, group or organization who is impacted by the outcome of a project. They have an interest in the success of the project, and can be within or outside the organization that is sponsoring the project. Stakeholders can have a positive or negative influence on the project.

A person, group or organization that has interest or concern in an organization are known as stakeholders. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.

Stakeholders are the persons who have monetary and non monetary interest in a business organisation. Stakeholders can affect or be affected by the organization's actions, objectives and policies. 

Owners and persons advancing loans to the business are the person who contributes capital into business. These persons invest money in some business. Therefore, the owner and persons advancing loans to the business would have monetary stakes.

Everyone in business must keep records. Keeping good records is very important to business. Good records will help owner do the following:

• Monitor the progress of your business
• Prepare your financial statements
• Identify sources of your income
• Keep track of your deductible expenses
• Keep track of your basis in property
• Prepare your tax returns
• Support items reported on your tax returns.

Bank is interested in adequacy of profits only as an assurance of return of principal and interest back in time. Bank is equally concerned
about the form in which the assets
are held by the business. When more
assets are held in cash or near cash
form, the aspect is known as liquidity.

A person, group or organization that has interest or concern in an organization.
Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.

A stakeholder is either an individual, group or organisation who is impacted by the outcome of the project. They have an interest in the success of the project, and can be within or outside the organisation that is sponsoring the project. Bankers, customers, suppliers, government, management, shareholders etc. are all stakeholders of a business organisation. They are all have interest in a business organisation and gets affected by day to day affairs of business.

The objective of accounting is to provide information to users for decision-making. 

A stakeholder is either an individual, group or organization who is impacted by the outcome of a project. They have an interest in the success of the project, and can be within or outside the organization that is sponsoring the project.