(a) Select FIVE of stakeholders from your own choice and explain the reasons for them to use LMG SAOG's financial information
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- Explain five qualitative characteristics of IFR that is used to prepare financial statement to your colleagues at the meetingIdentify four other users of financial statements and explain their information needsList out any five users of accounting information and discuss how accounting information help them in decision making process with the help of suitable examples.
- List out any five users of accounting information and discuss how accounting information help them in decision making process with the help of appropriate examples.Describe five internal users of financial information and their information needsWrite down the number of groups that provide financial information as well as several external user groups?
- Raise three issues related to the annual report and the broader area of financial reporting, and explain why it is important and provide solutions to these issues (with justification).What are five types of information must be presented in Management’s Discussion and Analysis (MD&A)? Which financial statement is each type of information derived from, if any?Provide a minimum of three research questions on accounting in SME and a discussion of why these research questions are relevant to your research and Create hypotheses to support your research questions.
- Identify and discuss seven users of accounting information, clearly stating why they need financial information.Explain any SIX (6) qualitative characteristics of financial information as suggested by the conceptual framework which are useful for decision-making.Select any five of the Generally Accepted Accounting Principles (GAAP) and describe how each of them enhances the usefulness of accounting information.