Stakeholders in a business 0.0 / 5 ? AccountingStakeholdersASAQA Created by: KatyX97Created on: 01-04-15 17:12 Employees Check the financial prospects of the business, likelihood of pay rise/ promotion, likelihood of continuing to receive wages 1 of 11 Owner How profitable business is, how it is performing, what it may be worth, whether to continue business, how many drawings he can take 2 of 11 Managers How profitable business is, what it may be worth, enable them to make decisions and future-planning, assess performance, track budgets 3 of 11 Providers of finance Reliability of repayment 4 of 11 Local communities and national interest groups Seek to influence business policy, jobs provided for the local area 5 of 11 Suppliers Assess likelihood of payment and repeat orders 6 of 11 Trade Unions Check financial prospects of business and ensure employees are offered good terms and conditions 7 of 11 Potential investors Whether company will be sustained and check company is worth investing in 8 of 11 Competitors Assess profitability of business and compare performance of businesses 9 of 11 Customers Ensure business has financial strength to continue selling goods and services that they buy 10 of 11 Tax Authorities/ Government Ensure correct tax on profits and VAT have been paid 11 of 11
Comments
No comments have yet been made