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please answer as soon as possible. please don't copy paste from the internet and write an answer to the point Requirements: 1. Explain the nature

please answer as soon as possible. please don't copy paste from the internet and write an answer to the point
Requirements: 1. Explain the nature and importance of IFRS. 6 Marks, CLO1 2. Discuss the role and importance of preparing financial statements: Income statement, and balance sheet. 8 Marks, CLO 2 3. Discuss the role of double entry method in recording and analyzing business transactions. 8 Marks, CLO 3

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