4 concepts
Business Stakeholders: Internal and External
A stakeholder is an individual or group that has a legitimate interest in a company.
Activities of the Business: Financing, Investing, and Operating
Activities of the business include operating activities and non-operating activities such as investing activities, and financing activities.
The Role of Accounting in the Business
The role of accounting in business is to help internal and external stakeholders make better business decisions by providing them with financial information.
Ethical Considerations
Business ethics is a form of applied ethics that examines ethical principles, moral/ethical problems that arise in a business environment.