42) There are many different stakeholders in Telus Corporation. Explain why the same information may not be suitable or appropriate for all stakeholders.

43) Telus Corporation is a publicly owned corporation. How does it differ from a privately owned corporation?

Private corporations are not necessarily small. For instance, The Jim Pattison Group is Canada's third largest privately held company and has 31,000 employees and annual sales of more than $6 billion.

44) What is a not-for-profit organization?

Many business students will eventually find employment in not-for-profit organizations or the public sector and a knowledge of accounting is just as important in these types of organizations as it is in multinational public corporations.

45) Think about the impact accounting has on our economy and our nation. Name some external groups interested in reviewing a company's financial statements.