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  • Accounting Stakeholders Expectations

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    Lalithya Sannitha Meesala
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    Accounting involves systematically recording and reporting on a business's financial transactions. It provides oversight agencies and tax authorities with information about a business. Accounting is a key function for most businesses. A document then discusses stakeholders, who are individuals or groups affected by a business. It identifies internal stakeholders like owners, managers, and employees, and external stakeholders like customers, suppliers, creditors, government, and shareholders. The document outlines the main expectations each stakeholder group has, such as profits and reputation for owners, job security and rewards for managers, and timely payments for creditors.

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    For MBA Students

    Original Title

    Accounting and Its Stakeholders Expectations

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    Accounting involves systematically recording and reporting on a business's financial transactions. It provides oversight agencies and tax authorities with information about a business. Accounting is a key function for most businesses. A document then discusses stakeholders, who are individuals or groups affected by a business. It identifies internal stakeholders like owners, managers, and employees, and external stakeholders like customers, suppliers, creditors, government, and shareholders. The document outlines the main expectations each stakeholder group has, such as profits and reputation for owners, job security and rewards for managers, and timely payments for creditors.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    128 views9 pages

    Accounting Stakeholders Expectations

    Uploaded by

    Lalithya Sannitha Meesala
    Accounting involves systematically recording and reporting on a business's financial transactions. It provides oversight agencies and tax authorities with information about a business. Accounting is a key function for most businesses. A document then discusses stakeholders, who are individuals or groups affected by a business. It identifies internal stakeholders like owners, managers, and employees, and external stakeholders like customers, suppliers, creditors, government, and shareholders. The document outlines the main expectations each stakeholder group has, such as profits and reputation for owners, job security and rewards for managers, and timely payments for creditors.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Accounting and Its

    Stakeholders Expectations
    PRESENTATION BY- M .LALITHYA SANNITHA
    REGISTER NUMBER:16331E0059
    Accounting

    DEFINITION: Accounting is the systematic and comprehensive


    recording of financial transactions pertaining to a business,
    It also refers to the process of summarizing, analyzing and
    reporting these transactions to oversight agencies and tax
    collection entities.
    Accounting is one of the key functions for almost any business
    Stakeholders
    Definition: A corporate stakeholder is an individual or group who
    can affect or be affected by the actions of a business
    The stakeholder concept was first used in a 1963 internal
    memorandum at the Stanford Research Institute.
    It defined stakeholders as "those groups without whose support the
    organization would cease to exist
    Types of Stakeholders
    Internal Stakeholders
    External Stakeholders
    Stakeholder types and their
    expectations
    Stakeholder Type Expectations

    Wealth, Profits, Growth,


    Owner
    Reputation

    Directors & Managers Job security, status, personal


    power, high rewards;
    organisational profitability /
    growth
    Stakeholder types and their
    expectations
    Stakeholder Type Expectations

    Employees High / fair play, interesting


    work, job security, promotion,
    training opportunities, safe
    working environment, fair
    treatment, a say in decisions

    Quality / value for money;


    Customers functional safe products; clear,
    accurate product / service
    information
    Stakeholder types and their
    expectations
    Stakeholder Type Expectations

    Suppliers Secure, regular & profitable


    contracts; discounts; timely
    payment; good working
    relationship; fair terms of
    trade; organisational growth

    Creditors
    Timely payment, good security
    Stakeholder types and their
    expectations
    Stakeholder Type Expectations

    Government Job creation; payment of


    taxes; compliance with
    environment, health, safety
    and environmental legislation.

    Capital gain on shares;


    Shareholder
    regular, secure / high
    dividends; a say in the
    business.
    Thank you

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