, FIN2603 Assignment 1 (COMPLETE ANSWERS) Semester
1 2025 - DUE 2 April 2025; 100% TRUSTED Complete,
trusted solutions and explanations…WE WISH YOU ALL
THE BEST
ALL QUESTIONS ANSWERED
Question 1
List and discuss the diverse range of stakeholders utilising
organisations' financial statements. (14)
The diverse range of stakeholders that utilise an organisation's
financial statements includes individuals or groups who are
impacted by or have an interest in the financial performance and
position of a company. Financial statements provide insights
into an organisation's operations, profitability, financial health,
and future prospects, making them crucial for various decision-
making processes. The key stakeholders can be broadly
categorised as internal and external. Let’s discuss them in more
detail:
1. Management
Purpose: Managers use financial statements to make
informed decisions about the day-to-day operations,
strategic planning, and overall direction of the business.
Utilisation: They rely on income statements, balance
sheets, and cash flow statements to evaluate financial
performance, monitor costs, manage cash flow, and assess
profitability.
1 2025 - DUE 2 April 2025; 100% TRUSTED Complete,
trusted solutions and explanations…WE WISH YOU ALL
THE BEST
ALL QUESTIONS ANSWERED
Question 1
List and discuss the diverse range of stakeholders utilising
organisations' financial statements. (14)
The diverse range of stakeholders that utilise an organisation's
financial statements includes individuals or groups who are
impacted by or have an interest in the financial performance and
position of a company. Financial statements provide insights
into an organisation's operations, profitability, financial health,
and future prospects, making them crucial for various decision-
making processes. The key stakeholders can be broadly
categorised as internal and external. Let’s discuss them in more
detail:
1. Management
Purpose: Managers use financial statements to make
informed decisions about the day-to-day operations,
strategic planning, and overall direction of the business.
Utilisation: They rely on income statements, balance
sheets, and cash flow statements to evaluate financial
performance, monitor costs, manage cash flow, and assess
profitability.
