What are various peoples interests in financial accounting? Briefly describe what each of the following people would
Question:
What are various people’s interests in financial accounting?
Briefly describe what each of the following people would likely want to learn from the financial statements of BrandX Ltd, and how each might be affected if the statements showed good or bad financial performance or financial position.
1 The chief executive officer (CEO) of the company 2 The company’s chief financial officer (CFO)
3 The chairperson of the company’s board of directors (the board evaluates the CEO’s performance on behalf of the shareholders)
4 The partner of the auditing firm for whom BrandX is a client 5 The local manager of tax collections for the Australian Taxation Office 6 A shareholder who owns 100 shares of BrandX 7 A shareholder who is thinking of buying some shares of the company 8 The local manager of Big Bank, which has made a large loan to BrandX
Step by Step Answer:
Fundamentals Of Accounting And Financial Management
ISBN: 9780170454797
8th Edition
Authors: Professor Ken Trotman, Kerry Humphreys