Stakeholders and their interests 2.0 / 5 based on 1 rating ? AccountingUnit 1 Chapter 1 Purposes of AccountingASAQA Created by: JordanVDFCreated on: 01-08-15 14:22 owners need to know if a business if profitable and assess liquidity 1 of 10 managers to make decisions, plan for the future and exercise control. DECIDE PLAN CONTROL 2 of 10 suppliers to assess whether the business is able to pay for goods and services supplied according to the agreed terms 3 of 10 customers to assess the continued viability of the business to meet their needs 4 of 10 providers of finance lenders need to assess wither the business can continue to pay back both borrowings and interest due. 5 of 10 employees assess whether a business can continue trading and therefore continue providing and employment and pay wages due. 6 of 10 government assess how much income tax and VAT is due 7 of 10 competitors to assess how well their own business is performing in comparison. to identify and rectify and problems 8 of 10 potential investors to assess the viability of investment in the business 9 of 10 local community to assess the impact of the business on local community issues and the environment 10 of 10
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