Week 1 2019 workshop question.pdf - Lancaster University Management School Department of Accounting and Finance ACF100 Introduction to Accounting and

Week 1 2019 workshop question.pdf - Lancaster University...

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Lancaster University Management School Department of Accounting and Finance ACF100 Introduction to Accounting and Finance Michaelmas Term 2019-20 Workshop 1 Week 1 (week commencing 7th October 2019) Prepare brief notes on the following topics so you can take part in a discussion of these issues. 1. You are thinking of starting a business selling printed sweatshirts. Identify three pieces of business information and two pieces of financial/accounting information that you would like to know before setting up your business. 2. Identify two other users, besides you, who would be interested in the financial information about your business? What information would they be interested in about the business? 3. What specific characteristics of accounting information make it useful to users? (Hint: think of when and where would they use the information and what would they use it for) 4. Look up the financial statements for Burberry Group plc 2018-19. These are available at the following link: -
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