“The Importance of Accounting in Business: Stakeholder Use of Annual Reports and Contemporary Issues in Accounting”


Write a 1600 words UK academic standard essay with up-to-date Harvard referencing and real examples answering the following questions:
How would the stakeholders of a company listed on the
London Stock Exchange make use of the published annual
Report and accounts?
1. What is accounting, and what are the uses of accounting systems in the business?
2. What is the Financial and Management accounting? Discuss their role in the business.
3. What are the four main Financial statements? What do they represent in the business?
Main Body:
Discuss the importance of Financial and Management accounting.
Discuss contemporary issues in accounting for business.
Essential Resources:
Core text book – Dyson, J. and Franklin, E. (2020), Accounting for non-accounting students (10th
Pearson Education Limited: Harlow.
Recommended Resources:
Journals, magazines & academic articles related and relevant to the subject:
You are expected to keep abreast of current academic theory and the events affecting
accounting practice in organisations and societies.
This may be via published and
academic journals, newspapers, trade magazines etc.
 bbc.co.uk
 Financial Times
 Accountancy Age (Journal)
 Journal of Corporate Accounting & Finance
 Publications by “Big four” accounting firms – PWC, Deloitte, Ernst & Young,
 Publications by Professional Accounting Bodies – ACCA, CIMA, CIPFA, ICAEW,
You are expected to keep abreast of news and developments concerning accounting
practice. Websites you need to use and be aware of are:
 http://www.bbc.co.uk
 http://www.cipfa.org.uk



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