PLEASE ANSWER ALL 4. Management accounting information a. Pertains to entity as a whole and is highly aggregated. b. Must be prepared according to generally accepted accounting principles. c. Pertains to subunits of the entity and maybe very detailed. d. Is prepared only once a year.

Financial accounting is a branch of accounting refers to the communication of information within an organization so that internal decisions can be made in an appropriate manner. True False

The following describes Financial Statements, except; * It is an art of recording, classifying, summarizing and interpreting of accounting transaction. A collection of summary-level reports about an organization's financial results which consists of four major financial reports. Financial information which is communicated by an enterprise to external parties Historical in nature but it all depends on management's judgement The objective of financial statement is to * know the financial status of the organization, whether the business is making profit or running at loss, and what corrective action to be taken. form a Private Finance Initiative (PFI) establishment. use accounting techniques such as marginal costing budgetary controls and standard costing. finance hire purchase.

Statement of one accounting problem identified  which was missing records in the host organization where work￾based experience was undertaken ▪ Explanation of how the problem is impacting the current accounting framework and environment of the organization if applicable (Findings)