Need for financial information, role, activities and users of accounting information

Instructions: After having studied the educational resources presented in this module and having read the textbook Intermediate Accounting: Reporting and Analysis, proceed to answer the following questions:

1. After having studied the educational resources presented in this module and having read the textbook Intermediate Accounting: Reporting and Analysis, proceed to answer the following questions:

Describes the role of financial accounting and financial reporting. Is there a relationship? Mention and describe the categories of stakeholders who need financial information. Distinguishes between investors and creditors as users of financial statement information. Explains how financial reporting helps solve problems. Define generally accepted accounting principles (GAAP) in your own words

2. You must present the answer to the questions completely. 3. Answer them in one or two paragraphs of 6 to 8 sentences each. 4. Save the assignment in Word format and identify it with your name, the last four digits of your student number and the title. Example: Rosa_1234_Tarea_SEM_1.1 _ACCO _2100.

5. Submit your task through the platform. 6. Remember that this task is due as established by your teacher in the course calendar. 7. If you encounter any technical or content difficulties, do not hesitate to contact your teacher.