Essay
BTEC - UNIT 6 - D2 Evaluate the changes in the financial position of a limited company using a cash flow statement.
- Course
- Institution
Achieved Triple Distinctions
[Show more]
Seller
Followabdelahk11
Reviews received
Content preview
D1:Justify the application of accountingconventions and regulations to ensure that
the financial statements meet their users'
needs.
In this D1 I will be creating a range of posters
for each stakeholder that Mark & Spencer has
and will be describing their interests in
financial accounts, identifying which
accounting concepts help the user meet
those needs and indicating how those
concepts impact on it.
, Employees
• Financial accounting is when a company
prepares financial statements to show their
financial state to investors, customers or
suppliers.
• One of Marks & Spencer's important
stakeholders are their employees because
they keep in touch with customers.
Furthermore, employees use the company's
balance sheet so they can decide if they
should buy more or hold their current
investment level.
• The Accrual concept will help the
employees meet their needs when looking
at the balance sheet because it will help
them recognise profits and losses and
wherever they should invest their money or
not. This could have a negative impact on
the user's need because if other
stakeholders are not investing as much in
the business it will have a bad impact on
the wages of the employees which will
result in them not having money to buy
more shares.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller abdelahk11. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.57. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now