HW 1-IMSE 474 1 INTRODUCTION TO ACCOUNTING AND FINANCE - 2 ACCOUNTING FOR COMPANIES 25 Points for each Question-Due Date_Check ocs 1. Financial statements tend to reflect past events. How can they assist in making decisions? 2. Identify four users for the financial information and how they can benefit from this information? You can use the table template below for your answer User Type of information used Benefits 1 2 3 4 3. Search for one example for local companies listed in Kuwait Exchange market and answer the following: a) What type of business for the company? b) At what year it was established? c) Who are the main competitors for the company? d) Based on your knowledge, suggest an organization structure for the company? e) Give three examples for financial information that you can use to financially study and analyze the company? 4. What are the types of companies according to the commercial law of Kuwait? a) Briefly describe one type of company. b) Give two examples of local companies and what are their types according to the law