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Who would be the potential providers of finance be

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Reference no: EM132983112

Problem - The Corky Bottle, a Stellenbosch-based cork manufacturer and wine bottling company, is seeking to expand its operations. The directors of the company are hoping to expand into plastic bottle corks and will need to invest in new equipment in order to facilitate this. The directors are hoping to open a new bottling facility in the Constantia wine region, close to where a major customer produces their wines. The head of finance of The Corky Bottle has asked you to help to report to help approach potential providers of finance.

Required -

1. Who would be the potential providers of finance be?

2. Describe the nature of the information needs of each provider of finance in (1.1) above in respect of the financial reporting by The Corky Bottle

3. Name and briefly discuss the qualitative characteristics of financial statement, categorising them appropriately.

4. Elements of financial statements cannot be recognised in financial statements unless the element(s) can be reliably measured: identify providing brief explanations for each available measurement basis.

Reference no: EM132983112

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