PART ONE Question 1 (25 marks): The goal of accounting is to provide useful information for decisions. Therefore, financial accounting is governed by concepts and rules known as generally accepted accounting principles (GAAP). a) Explain that sentence showing the qualitative characterstics of usefull information. [10 marks]. b) b) Discuss the main roles of International Accounting Standards Board (IASB) including its efforts with Financial Accounting Standard Board (FASB) to achieve a single set of accounting standards for global use. [15 marks)