Financial accounting TABLE OF CONTENTS INTRODUCTION 1 A 1 Concept of financial accounting and its purposes1 Who are internal and external stakeholders and explain why financial information is useful 3 B 7 Client 1 7 Client 2 14 Client 3 17 Client 4 20 Client 5 20 CONCLUSION 22 REFERENCES 23 INTRODUCTION Financial accounting is the management of financial data which helps in analysing current position of company (Zeff, 2017). The motive behind preparation of the financial statement is not about reporting the value of the company rather