One of well known accounting concepts is that of materiality

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Reference no: EM131386048

1. The annual final accounts of businesses are normally prepared on the assumption that the business is a going concern.

2. One of the well known accounting concepts is that of materiality.

3. State three classes of people, other than managers and owners, who are likely to need to use financial accounting information. Discuss whether you think their requirements are compatible.

Reference no: EM131386048

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