Please help with explaining how I can answer the following if I chose the role of an investor: choose
Please help with explaining how I can answer the following if I chose the role of an investor:
choose the role of an investor, creditor, taxpayer, or benefactor of one of the organizations they have presented. Referring to the information provided by your classmates related to the informational needs of the user group you have chosen, state whether the objectives of financial reporting they have listed meet your needs, whether any additional information is needed by your user group, and why this information would be beneficial to the financial decisions you would need to make. Are there any additional objectives that should be listed for your user group, if so what are they? How do your needs differ from the other user groups?
The information is below:
For both our initial discussion and my final project, GEB will be the nonprofit (NFP) organization I study along with Peekskill, NY as the local government. Both are in neighboring towns to my home base. Home Depot will be the for-profit business used for comparative purposes. Guiding Eyes for the Blind is a nonprofit organization established in 1954 that provides guide dogs to people with vision loss. As an NFP, their primary financial reporting users include donors, members, and creditors (Reck et al., 2021). The resource providers for GEB need to assess the services provided by GEB and the ability of GEB to continue to provide these services as well as management’s performance and stewardship of resources (Reck et al., 2021). As a small city located in the suburbs of Westchester County one hour north of NYC, Peekskill is a local government focused on providing financial reporting to its citizens and creditors. As Peekskill’s users are involuntary contributors through taxes, the local government must provide information to citizens they want to know along with communicating the information in an easy-to-understand manner (Reck et al., 2021). Along a similar line, Home Depot must provide its users with financial reporting to show its
Step by step
Solved in 3 steps
