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Introductory Accounting by Lisa A. Bucki, Gail Perry, David H. Ringstrom

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CHAPTER16

Financial Reports and Stakeholders

In This Chapter

  • What the IRS looks for in your tax returns
  • Information lenders and investors want to see
  • Understanding financial ratios

Even if you’re the sole owner of your business, you’re by no means the only stakeholder with an interest in your company’s activities. As you’ll learn in later chapters, various governmental agencies levy a dizzying array of taxes, including payroll taxes, income taxes, business license taxes, property taxes, and more. The Internal Revenue Service (IRS) in particular carefully watches the financial results you report on your tax returns.

In some situations, you might ...

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