KCQ

A company interacts with many other interested parties, all require different information to be recorded. I have taken a minute to think about  some of the parties a business may deal with

• ·         Suppliers
• ·         Shipping companies
• ·         Manufacturers or materials suppliers
• ·         Property management  (lease shop or office etc.)
• ·         Staff
• ·         Customers
• ·         Investors
• ·         Government
• ·         Associations

All these parties will have some impact on record keeping and some will need information form the business. From this I can see how it is important to look at accounting from a wider view, Not only what records it must keep but other information it would need as it interacts with many other stakeholders.