Assignment of Financial Accounting

Tutor: Gordon Cowie

Student Name: Clark
Class: Pre-master’s course in Business Management
Subject: Stakeholders of Scottish and southern Energy plc.
Stakeholders Example of interest
Shareholders/Owner As Shareholders are always interested in Profit, Performance,
s Private Direction, Reputation and Truthful Reporting so as SSE’s
dividend increasing every year, last year its 66 pence per share
and in current year it 70 pence per share and interim dividend is
30%(21.op) and final is 70%(49.0p) that’s why more and more
shareholders get interest to buy the companies shares.
Employees SSE have great safety and health environment also they provide
good remuneration to the employee and other benefits like bonus
final salary and car, private medical.
Government Government playing vital role for the progress of SSE company
the Govt. Providing facilities to the company VAT, Legislation,
Low unemployment, Truthful Reporting
Senior Management Senior Management staff has great targets fro the progress of the
staff SSE Performance, Targets, Growth, Compensation.
Managerial staff Managerial staff is very efficient to manage the affairs of the SSE
like Rates of pay, Job security, Compensation, Respect, Truthful
Communication
Trade Union Trade Unions are interested in Working conditions, Minimum
wage, Legal requirements.
Customers Due to companies better Value, Quality, Customer Care, Ethical
products it has millions of customers. Household/business (Ire) 2
Business sites (GB) 5
Household gas (GB) 38
Household electricity (GB) 55
Suppliers Providers of products and services used in the end product for
the Customer. Equitable Business Opportunities
Society/local Jobs, Involvement, Environmental Protection, Shares, Truthful
community Communication
Creditors As Goodwill of the SSE company is very high so creditor rely
more on the company they are interested in Credit score, New
contracts, Liquidity.
Labour unions Labour Unions are interested to maintain the requirements of
labours and to get better remuneration and working conditions.
Financial Institutions SSE have great Goodwill therefore Financial institutions have no
fear to give them loans etc.
Government Self-regulation by an industry such as through a trade
regulatory agencies association, social regulation (e.g. norms), co-regulation and
market regulation.
Government legislative bankruptcy protection
bodies
Government tax- Interested in Collecting Tax.
collecting agencies
Accountants and Accountants and auditors are much interested for making and
Auditors checking the accounts of SSE they apply IAS for preparing
Financial statements also these represent true and fair reports
according to the standards of International Financial Reporting Standards.
Professional Association of accounting techniques, Association of corporate
associations treasure. Chartered institution of management accountants.
NGOs and other Human rights, labour rights and protect the environment.
advocacy groups
Prospective employees Many students and experienced personnel want to get a place in
SSE.
Prospective customer As SSE have good reputation so many customer moving to SSE.
Research centres Researching the new techniques
Each Person SSE providing great services to the each person of UK therefore
each and every person is the stakeholder of the company.
Lenders Assess financial stability to pay bills on time
National communities Not only local community although national communities are
also getting better environment due to performance of SSE.