I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

National taxation authorities will receive the information they need to make tax assessments. 

(c) A 

bank might demand a forecast of a company's expected future cash flows as a precondition of 

granting an overdraft. 

(d) The 

IASB is responsible for issuing International Financial Reporting Standards (IFRSs). These 

require companies to publish certain additional information. Accountants, as members of 

professional bodies, are placed under a strong obligation to ensure that company financial 

statements conform to the requirements of IFRSs. 

(e) 

Some companies voluntarily provide specially prepared financial information for issue to their 

employees. These statements are known as 'employee reports'. 

 

 

 

 EXAM FOCUS POINT 

The needs of users can be examined easily. For example, you could be given a list of types of 

information and asked which user group would be most interested in this information. 

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