Interested Parties (Cambridge (CIE) IGCSE Accounting): Revision Note

To compare the performance with previous years

To plan for the future

To make decisions about which areas need action

To check on the efficiency of the business

To check on the progress of the business compared to previous years

To check that the business is profitable and likely to continue to trade so that they have job security

To check on the probability that their goods will continue to be supplied by the business

To check whether the business can pay for its supplied goods as agreed

To examine the trade payables turnover to identify how long, on average, it takes the business to pay for its goods

To look at the trade receivables to assess whether there is still a demand for the supplied goods

To assess whether the business is suitable for an overdraft or a bank loan

To assess the value of the assets owned by the business so that they can be used as security against loans

To assess the profitability of the business

To assess the likelihood of the investors making money if they invested in the business

To compare the profitability of the business against their own business

To identify gaps in the market

To assess whether the club is likely to continue to operate so that they can continue to use the facilities available

To calculate how much tax is owed

To gather data for the government statistics