FIN 305 Lecture Notes - Lecture 3: Cash Flow, Accrual, Accounts Receivable

• School: Ryerson University
• Department: Finance
• Course: FIN 305
• Professor: Richard Mc Master

Document Summary

Any person or organization who has a (financial) interest in the success of the business. So we are interested in those stakeholders who have a financial interest. They are connected to the business entity in such a way that their financial success is directly impacted by the success of the business entity. 9 most stakeholders of a typical profit oriented business. Founders: formulated the mission, vision for the entity and even put a small bit of capital in it, most often owners, getting initial customers, recruiting initial staff, obtaining seed Customers: buy products and services, provide all critical revenues for the business entity. Suppliers (operating, l/t resources: providing equipment, products and services to the entity. Investors: other than founders say often provide significant capital for growth either to get started or to expand (sometimes called risk capital because early start ups are risky) Lenders: supply capital for the business entity when the risks of losing it are very low.