| There are a number of users of accounting information
who require less detailed reports than those mentioned above, but
who still have valid reason to request such information. |
|
| Employees and their Trade Unions are interested
in the financial success and stability of the business as it indicates
the scope for possible wage and fringe benefit increases (Barton
1989, p. 32). |
|
| Customers often insist on having a copy of the contractor's
statement of financial position. |
|
| Competitors of public companies are always interested
in the operating results and financial positions of their rivals,
and suppliers are concerned with the company's ability to pay for
any goods supplied on credit. |
|
As well as the questions of who financial information should
be directed at and what those groups require that information for,
there are other questions that should be considered. |
|
| For example, should customer satisfaction be given
a value incorporated into financial reports? |
|
| Sales revenue can be very large in one period, and
considerably smaller in the next if dissatisfied customers return
items purchased earlier (Barret, Verastergui 1985, p. 261). |
|
| Another obscure factor is whether or not changing
price levels should be reflected in adjustments to financial statements. |
|
| By considering the two main questions proposed previously,
"who requires the information" and "for what reason", answers to
these questions may be found; however, they are still surrounded
by an air of ambiguity. |
|
| These issues are important, however the issue that
has the most impact on the information included in accounting reports
is the funding source. |
|
