Introduction to Accounting
Topic: INTRODUCTION TO ACCOUNTING.
QUESTION ONE:
State and define the key terms used in Accounting?
QUESTION TWO:
Explain the nature and purpose of accounting?
QUESTION THREE:
Explain the different phases of accounting process?
QUESTION FOUR:
Explain the different branches of accounting?
QUESTION FIVE:
State and explain the different users of financial information?
QUESTION SIX:
What is the general purpose of accounting?
QUESTION SEVEN:
Explain the two main financial statements available to users
a. the statement of financial position
b. the income statement.
QUESTION EIGHT:
explain the four main concepts:
QUESTION NINE:
State and explain the attributes/qualities of a good accounting information?
QUESTION TEN:
Name and explain the role of regulation of accounting profession?