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- Institution
- University Of South Africa (Unisa)
Exam of 3 pages for the course Financial Accounting for Companies at Unisa (Assessment 4)
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15748952FAC2601 - Assessment 4
Question 1:
a.
Each strategy has advantages, disadvantages, risks and rewards that can affect the prospects for
the long-term success of the business. Each business owner must decide how long they want to
wait and how much of their money they are willing to invest. Every potential business proprietor
should gauge what she or he is willing to threat losing and pick a shape of commercial enterprise
as a result.
b.
International Financial Reporting Standards (IFRS) is a set of accounting rules for public companies
aimed at making corporate financial reporting consistent, transparent and easily comparable
worldwide this helps in accounting, tax purposes and investment of funds.
c.
General financial reporting aims to provide financial information about the reporting company
that is useful to existing potential investors, creditors , and other creditors have a determination
of the supply of goods to the company
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