1. Explain why each of the following groups might want financial accounting information. What
type of financial information would each group find most useful?
a. the company’s existing shareholders
b. prospective investors
c. financial analysts who follow the company
d. company managers
e. current employees
f. commercial lenders who have loaned money to the company
g. current suppliers
h. debt rating agencies like Moody’s or Standard and Poor’s
i. regulatory agencies like the Federal Trade Commission