After u'are watched the video, please choose one of 11 accounting users and:
1. Describe it to me what u chooses
A creditor or lender is an individual, public or private group, or financial institution that provides funds to others with the expectation that the funds will be repaid.
2. What kind of information from accounting they need? give me an example:
Creditors or lenders need their clients' accounting information to assess their creditworthiness. Creditors or lenders need accounting information, because creditors have an interest in providing credit to prospective customers. Customers chosen by creditors are customers who are able to return the loan principal and interest at the right time. Therefore, creditors are very interested in the financial statements of prospective customers and their customers. The information needed by the debtor or lender is a financial statement, which consists of a statement of financial position, income statement, cash flow statement, statement of changes in equity.
For example: Creditors need these financial reports to find out whether the customer or company borrowing the loan is able to pay or return the loan in accordance with the nominal amount borrowed. If it is seen from the financial statements that the customer is able to pay the loan, the creditor will lend it, but if it is seen from the financial report that it is not possible to pay the loan, the creditor will not lend it.
3. What is the propose of accounting information for them?
The proposal for creditors, if they want to lend money to borrowers, must be in accordance with the income of the borrower, in order to reduce the risk that the customer cannot pay.
Proposals for borrowers can adjust the loan nominal according to their needs and ability to pay. If you only need Rp. 5,000,000.00 then borrow with a nominal value of Rp. 5,000,000.00 and if the customer is only able to pay Rp. 3,000,000.00 then borrow with a nominal value of Rp. 3,000,000.00.