MARKET 1 Lecture Notes - Lecture 12: Tata Group, Harvard Business Review, Informationweek
Document Summary
A. organisations legal identity: accounting information, stakeholders & information. Learning outcomes: appreciate the characteristics of a limited organisation, understand the idea of financial accounting information; explain its nature and purposes, know the identity of accounting information users & their information needs/influences. 1. 2 application of analytical tools and techniques to a range of financial documents and needs of stakeholders. Investor expectations (bemm172) business strategy game: best-in-industry: competitors, financer expectations, credit rating users, customer impact and influences re: pricing / branding / marketing decisions. Sources of information: organisations legal identity. A social arrangement which pursues collective goals, which controls its own performance, and which has a boundary separating it from its environment (acca paper f1) Note: reprinted from dyson & franklin (accounting for non-accounting students) 2017; figure 1. 6 chapter 1, page 15. Owners" financial responsibility limited to the capital they have agreed to invest in the organisation. Own a share of the organisation in order to increase their wealth.
