ACCA FBT/BT/FAB/AB/F1 Syllabus Section C Practice Questions and Answers
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Module
ACCA
Institution
ACCA
ACCA FBT/BT/FAB/AB/F1 Syllabus Section
C Practice Questions and Answers
Purpose of accounting information - ANSWERAccounting is a way of recording, analysing and
summarising transactions of a business.
Accounts are produced to aid management in planning, control and decision-making, and to comp...
Employee reports - ANSWER✔✔Specially prepared financial information for issue to employees.
Qualities of good information - ANSWER✔✔- Relevant
- Comprehensible
- Reliable
- Complete
- Objectivity
- Timeliness
- Comparable
Financial accounting - ANSWER✔✔A method of reporting the results and financial position of a business.
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