Few helpful strategies for informing shareholders in such instances can include: 1. Clear and Tailored Communication with stakeholders in simple, direct language, adapting messages to the specific interests of each stakeholder group. Key is to avoid Avoid technical jargons for everyone's ease of understanding. 2. Regular Briefings and Updates should be provided (e.g townhall, webinar) where stakeholders can ask questions and receive the latest information. This approach keeps everyone aligned and informed. 3. Lastly, it is crucial to show that top executives support the communication effort. Leadership involvement builds trust and shows that these changes are prioritized.

When facing accounting changes, it's important to keep stakeholders informed. First, we make sure to explain the changes in simple words, so everyone understands. For example, if new rules affect how we record expenses, we’ll share a short summary of the impact on our reports. Regular updates help, too—we send emails or hold quick meetings to keep everyone up-to-date. Visuals like charts make complex changes easier to grasp. By explaining clearly, sharing updates often, and being available for questions, we help ensure stakeholders understand and feel comfortable with the new changes.

Like any change, Accounting changes can either be beneficial or pose a threat to the well being of the organisation if not holistically implemented. Important steps as a leader should include assessing the readiness of the organisation to change, providing clear and transparent information to stakeholders about the reasons behind the change, it's objectives, and the expected benefits. Also, engaging the stakeholders in the change process can enhance their commitment and ownership of the initiatives.

Here are three key steps you can take: 1. Analyze Needs: Begin by identifying the key stakeholders who will be affected by the accounting changes. Understand their level of knowledge and expertise in accounting matters. Tailor your communication approach based on their needs and preferences. 2. Contextualize Information:Present the accounting changes in a way that is easy for stakeholders to understand. Help stakeholders see the relevance and impact of the changes on their roles and the organization as a whole. 3. Develop an Internal Communication Strategy:Create a comprehensive internal communication strategy that outlines how you will disseminate information about the accounting changes.