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  • Homework Assessment Week 1 (20 Marks) : Answer All Questions

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    Scott Jefferson
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    This homework assessment asks students to answer 6 questions about accounting and financial statements for a total of 20 marks. The questions cover the differences between management and financial accounting, why governments are interested in financial statements, other external parties interested and why, the name for people interested in a business, internal parties interested and why, and two reasons why businesses keep financial records.

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    1.2.5 Homework Week 1.pdf

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    This homework assessment asks students to answer 6 questions about accounting and financial statements for a total of 20 marks. The questions cover the differences between management and financial accounting, why governments are interested in financial statements, other external parties interested and why, the name for people interested in a business, internal parties interested and why, and two reasons why businesses keep financial records.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    22 views1 page

    Homework Assessment Week 1 (20 Marks) : Answer All Questions

    Uploaded by

    Scott Jefferson
    This homework assessment asks students to answer 6 questions about accounting and financial statements for a total of 20 marks. The questions cover the differences between management and financial accounting, why governments are interested in financial statements, other external parties interested and why, the name for people interested in a business, internal parties interested and why, and two reasons why businesses keep financial records.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Homework Assessment Week 1 (20 marks)

    Answer all questions


    1. Explain two differences between management accounting and financial accounting (4 marks)

    2. Why would the government be interested in Accounts/financial statements (3 marks)

    3. State two other external parties who would be interested in financial statements and explain
    why they would be interested (4 marks)

    4. What is the name given to the people who might be interested in a business? (1 mark)

    5. State two internal parties who would be interested in financial statements and explain why they
    would be interested. (4 marks)

    6. State and explain two reasons why a business keeps financial records (4 marks)

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