Accounting has been described as '... a system of recording information about a business. It involves recording, analysing and summarising the transactions of an entity to provide information for decision making '

a.Identify who are the decision makers referred to in the above definition and explain their need for accounting information. (your answer should concentrate on a large company listed on the stock exchange).

b.Accounting has been partly described above as '...a system of recording information about a business......' Identify and explain the advantages and disadvantages of any two for profit business structures which an accountant may encounter.