N.B please answer the first five questions only.

thanks.

Group assignment two 1. Briefly explain the advantages of disclosure principles and its necessity in the financial statements? 2. Differentiate the disclosed items in the financial statements from the adjusted items in the financial statements? 3. List down the Practical examples of disclosed items and their positions in the financial statements? 4. How do you prove that materiality is a part of generally accepted Accounting principles? 5. Mention the advantages of subsequent events and its unique characteristics? 6. Define the materiality in terms of accounting and how the materiality effects in the financial statements? 7. Explain deeply the going concern principles and the typical examples in the financial statements? 8. Describe the accounting estimates and state the factors considering the accounting estimates? 9. Define the consistency principles and how it effects in the financial statements? 10. How the subsequent events influence in the financial statements? Instructions: The first five Questions are assigned to the afternoon classes meanwhile the last five Questions are assigned to the morning classes. Deadlines and presentations are expected to be the next week without compromising any delay