This week’s topics
Stakeholder Needs and Financial Information
- Internal stakeholders including managers and owners
- External stakeholders including HMRC and lenders
- Trade creditors and suppliers
- Assessing organizational solvency and profitability
- Stakeholders | What is a Stakeholder?
- Key Concepts on Financial and Management Accounting
What you will be able to do
- 1.2 Describe how the recording of financial transactions meets the needs of the organisation’s internal and external stakeholders.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: describe how the recording of financial transactions meets the needs of the organisation’s internal and external stakeholders.
Study materials
Videos
- Stakeholders | What is a Stakeholder? · YouTube · Two Teachers · 11 min · for registered students
- Key Concepts on Financial and Management Accounting · YouTube · Galton College · 10 min · for registered students
- Stakeholders and Stakeholder Mapping · YouTube · tutor2u · 8 min · for registered students
Further resources
- Principles of Accounting Vol. 1, ch. 1.2: Users of accounting information · PDF · OpenStax, textbook chapter; pp. 14–16 · for registered students
- Financial Accounting, ch. 3: In What Form Is Financial Information Actually Delivered to Decision Makers Such as Investors and Creditors? · PDF · Saylor Academy, textbook chapter; pp. 62–99 · for registered students
- Introduction to Business 2e, ch. 14.7: Analysing financial statements · PDF · OpenStax, textbook chapter; pp. 492–495 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
