ENGLISH WORKSHOP

1. Describe the role of an accountant. (2 marks)

2. Explain why ethical standards are so important for accountants. (4 marks)
3. Analyse how an Income Statement enables a judgement of a firm’s profitability? How
could a Balance Sheet further assist that judgement? (6 marks)
4. Evaluate the extent to which an accountant can help managers and directors to
formulate a business strategy. (8 marks)

SOLUTION
1. From the brief analysis of the article of the association of certified
certified accountants (ACCA), an accountant can be defined as that
individual who has certain skills and requirements to determine the
behavior of both a company and that of a business, so they must meet
standards ethical so that a state of unique professionalism can be
achieved.

2. The ethical standards that an accountant must have are defined as the
personal principles that are reflected as professionals, since this refers to
the acquired knowledge that is granted to the entity with which it is
intended to start working, so that this marks the difference between many
counters. to give a good impression of reliability and security.

3. It has a good profitability since it has specific objectives at the moment

that the financial situation of the company is presented since as the main
objective is that it has to measure the performance at the operational
level of a certain period, the general balance helps the income statement
since it is the one that informs the financial situation of the company at
some specific time

4. An accountant can help managers and directors starting by identifying,

measuring, communicating the economic information that the company
wants to have since this information will serve to make decisions, in
general they are the ones that help to analyze the general financial
landscape of the company. business.