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Description
This assignment is based on the following questions –
FINANCIAL STATEMENTS ARE PREPARED AND PRESENTED TO THEIR USERS/STAKEHOLDERS FOR PLANNING, CONTROL AND DECISION-MAKING PURPOSES.
REQUIRED:
1. COMPARE AND CONTRAST THE INFORMATION PROVIDED BY THE THREE MAIN FINANCIAL STATEMENTS.
2. A CRITICAL EVALUATION OF THE INFORMATION NEEDS OF FOUR NON-MANAGEMENT USER GROUPS.
3. THE FINANCIAL STATEMENTS PREPARED BY QUOTED COMPANIES MUST COMPLY WITH A VARIETY OF REGULATIONS. DISCUSS THE MAIN SOURCES OF THESE REGULATIONS AND HOW THEY IMPACT ON THE PREPARATION OF THE ACCOUNTS.
