Every business, once developed, contains people both internal and external who take interest either for personal or professional purposes about knowing what is going on with the business. Financial statements are prepared to keep track of the financial results of the business’ activities and to provide both internal and external users of accounts with valuable information. Salou Hotel Resort is a public limited company which operates in Spain and is actually among the leading hotels in the country. The company prepares its financial statements annually according to generally accepted accounting principles in order to meet the needs of its users of accounts. Required: a) Identify 2 internal users of accounting information at Salou Hotel Resort and explain how such information is helpful to them. b) Identify 2 external users of accounting information at Salou Hotel Resort and explain how such information is helpful to them.
Every business, once developed, contains people both internal and external who take interest either for personal or professional purposes about knowing what is going on with the business.
Financial statements are prepared to keep track of the financial results of the business’ activities and to provide both internal and external users of accounts with valuable information.
Salou Hotel Resort is a public limited company which operates in Spain and is actually among the leading hotels in the country. The company prepares its financial statements annually according to generally accepted accounting principles in order to meet the needs of its users of accounts.
Required:
a) Identify 2 internal users of accounting information at Salou Hotel Resort and explain how such information is helpful to them.
b) Identify 2 external users of accounting information at Salou Hotel Resort and explain how such information is helpful to them.
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