Question 4 Dr Tom is considering purchasing a GP centre in the rural area of Torrens Island. Outline the importance of a business plan for Dr Tom and the type of accounting information he will require to assist in making his decision. Word Limit: 250 words

Note: Dr Tom needs to consider accounting information requirements for different stakeholders surrounding his GP centre.

For example, lenders would need information regarding the GP centre's ability to repay debt and service a loan.