1. The purpose of accounts LO: To know what different views different stakeholders would have of company accounts

2. Why does each stakeholder look at accounts?  Manager  Employees  Owners  Shareholders  Bankers  Suppliers  Investors and financial analysts

3. Why does each stakeholder look at accounts?  Manager – Control, analysis and evaluation and decision making  Employees – Prospects and wage negotiations  Owners – To see if targets have been met  Shareholders – Used to judge dividend payments and the return on their investment  Bankers – To see if the business can repay loans  Suppliers – To decide if they will allow trade credit  Investors and financial analysts – Used to help people decide if they should buy shares

4. Why do these other users look at accounts?  Government  Competitors  The media  Tax authorities  Auditors  Registrar of companies

5. Why do these other users look at accounts?  Government – To monitor the progress of the economy and evaluate its policies  Competitors – To make comparisons and consider takeover  The media – To produce reports on business and commerce  Tax authorities – To know how much tax should be being paid  Auditors – The check the accounts of limited companies for errors, called auditing  Registrar of companies – Part of the rules of becoming limited companies is to supply accounts

6. Goldenport holdings  Page 159  Answer questions a-e