Acf111 notes Study guides, Class notes & Summaries
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Ac.F111 notes passed
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Ac.F111 notes 
The reporting entity 
the business about which we are communicating 
 
 
The financial account only reflects transactions between the BLANK and those outside the BLANK 
 
entity, entity boundary 
 
 
 
Which financial information is most important to governments? 
The firm's ability to pay tax 
 
 
Which financial information is most important to customers and employees? 
Whether the business will carry on trading 
 
 
Which financial information is most important for investors?...
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