Purposes of accounting systems. (10 minutes) The European Sports Management Group (ESMG) manages and promotes sporting events and sporting personalities. Its managers are currently examining the following reports and accounting statements:

a. Five-year projections for expanding into managing sports television networks for satellite television.

b. Income statement to be included in a six-month interim report to be sent to investors.

c. Profitability comparison of cricket tournaments directed by different managers, each of whom receives a percentage of that tournament’s profits.

d. Monthly reports of office costs for each of the 14 ESMG offices throughout Europe.

e. Statement showing the revenues ESMG earns from different types of sporting events (for example, squash, metreball and cricket).

REQUIRED Classify the reports in parts a-e into one of the five major purposes of accounting systems (on page 5). lo2