AFM101 Chapter Notes - Chapter 1: Financial Statement, Income Statement, Retained Earnings

44 views6 pages
purplechimpanzee495 and 87 others unlocked
AFM101 Full Course Notes
30
AFM101 Full Course Notes
Verified Note
30 documents

Document Summary

Creditors (lenders) : one to which money is owed. Investors: individuals who buy small percentages of large corporations, they do this for two reasons: in order to receive a portion of the company earns (dividends), and to sell back the stocks they bought, at a higher price. To understand a businesses" financial statements one must first look at its operations. Nestle buys raw materials such as milk and cereals from suppliers, then after producing its products distributes them to the world, those who buy the products are customers: purchase ingredients and labour 2. There are internal & external decision makers. Internal decision makers are the managers of nestle, and external decision makers are parties outside the company (investors) External parties and decision makers are the one who make use of the company"s. Accounting system, using the reports produced to make financial decisions (to buy stock for example or to not buy).

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions