Use with Business Accounting and Finance

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Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance SOLE TRADER External consumers: Inland Revenue and Customs & Excise Annual information - profit and loss account and balance sheet Quarterly information (quarterly VAT return) Accounting information for use in the business Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance PARTNERSHIP External consumers: Inland Revenue and Customs & Excise Annual and quarterly information - as for sole trader but NB used as basis for calculating profit share Accounting information for use in the business Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance LIMITED COMPANY External consumers - some financial information available to everyone As for sole traders & partnerships - additional information needed for Inland Revenue and Customs & Excise Accounting information for use in the business Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Limited company - separation of ownership and management Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance Shareholders and potential shareholders Investment analysts Lenders and potential lenders Employees and trade unions Suppliers Special interest groups Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance Government: tax collecting and other agencies Financial journalists Academics and students Customers The general public Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance Relevant Reliable Comparable Understandable Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Events and financial information flow Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning

Use with Business Accounting and Finance SUMMARY Accounting is used to provide: Financial reports about companies for a range of user needs Management reports in all types and sizes of business organisation to assist managers to: CONTROL, PLAN, MAKE DECISIONS Use with Business Accounting and Finance Second Edition by Catherine Gowthorpe ISBN 1-84480-200-0 © 2005 Thomson Learning