Revision: Intro to Acc / Elements of FS / Double entry

The role of accounting is to provide accounting information for ________-______ by stakeholders.

The role of accountants is to provide accounting information for decision-making and act as ________ of business.

The professional ethics, integrity suggests that an accountant is _______________ and honest in all professional and business relationships.

The professional ethics, objectivity suggests that an accountant who is objective will not let bias, ________ __ ________ or undue influence of others override his/her professional judgement.

Owners and shareholders use financial information to decide whether to continue _________ in the business, depending on risks and profits.

Managers use financial information to consider ways to _______ performance of the business.

Employees use financial information to evaluate their ______ ________ and if they will receive their salaries promptly.

Lenders use financial information to decide whether to _____ _____ to business.

Suppliers use financial information to decide whether to sell goods to business on ______ terms or cash terms based on the business ability to pay.

Customers use financial information to evaluate if the business will be able to provide _____-____ support.