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a)The importance of accounting is not only restricted to the businesss management. Critically discuss the statement clearly indicating the main purpose of accounting and explain

a)The importance of accounting is not only restricted to the businesss management. Critically discuss the statement clearly indicating the main purpose of accounting and explain the various users of accounting information with examples about their specific uses. (10 marks) b)There are set of principles which underpin the foundations of financial Accounting. You need to select four accounting principles, define them, and discuss their significance. (6 marks) c)The main two strands in accounting are Management Accounting (MA) and Financial Accounting (FA). You need to discuss the main 6 areas of difference between MA and FA

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