Chapter 1 Lecture Slides - Part 1(1)

Chapter 1 Lecture Slides - Part 1(1) - Start with the book...

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3/17/11 Start with the book Add examples and discussion
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Investors Community Board of Directors, Management, Employees Suppliers Creditors Customers Analysts Government Some Major Internal and External Stakeholder Groups
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Some Decisions by Internal Users § Marketing : set price? sales forecast? § Production managers : buy or sell capacity? automate or not? § Human resource managers : number of employees to hire? training budget? § Finance: issue stock?
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Some Decisions by External Users § Investors: whether to buy, hold, or sell stock? § Creditors: whether the business can repay the money it wants to borrow? § Customers: will the business be able to continue operating long enough to provide post- sale services? § Suppliers: will the business have adequate cashflow to
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3/17/11 Where Do Users Get Accounting Information? Financial accountants provide external users with financial reports. Auditors provide audit opinions on these Internal Users Internal users get the same financial reports and audit opinions.
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This note was uploaded on 03/16/2011 for the course WCOB 1023 taught by Professor Sandeepgoyal during the Spring '08 term at Arkansas.

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Chapter 1 Lecture Slides - Part 1(1) - Start with the book...

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