Trading places

In order to make judgements about business activities, individuals require information. Accounting acts as an information system by processing business data so that interested parties can be provided with the means to understand how an organisation is performing. This case study is intended to provide an understanding of the accounting process and how accounting information meets the needs and requirements of many different groups of people. Shareholders delegate the day-to-day running of the business to the directors. Every year, the directors are required by law…