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The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.

The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.

Philips is a Dutch multinational technology company headquartered in Amsterdam currently focused in the area of healthcare. It was founded in Eindhoven in 1891, by Gerard Philips and his father Frederik. It was once one of the largest electronic conglomerates in the world and currently employs around 105,000 people across 60 countries.

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Philips is organized into three main divisions: Philips Consumer Lifestyle (formerly Philips Consumer Electronics and Philips Domestic Appliances and Personal Care), Philips Healthcare (formerly Philips Medical Systems) and Signify N.V. (known as Philips Lighting prior to 2018). As of 2012[update], Philips was the largest manufacturer of lighting in the world measured by applicable revenues.

You can directly access the annual report on the below link:

https://www.philips.com/a-w/about/investor/financial-reporting/annual-reports.html

Download 2017 Annual report in PDF format.

Instructions

Use the 2017 Annual report of Philips to answer the following questions:

Stakeholders can affect or be affected by the organization’s actions objectives and policies. Discuss at least two types of stakeholders and give examples from the Philips annual report to justify your answer. Also explain the reason of their interest in the financial state

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