Explore the nature and use of financial information.

1.1: Discuss the need for financial information, its purpose, limitations and the main stakeholders interested in the information.

1.2: Identify accounting arrangements and conventions used by organizations

Task 2

2.1: Explain how accounting frameworks and regulation influence accounting and financial arrangements.

2.2: Explain the uses of published financial information.

2.3: Explain how an organisation uses management accounting practices

Task 3

3.1: Explain the main items commented on and explain their importance.

3.2: Identify trends in published accounting information.

Give example of Balance Sheet