Q.3.

a) Using the knowledge you have acquired in this course and as per guidance from IAS I and

IPSAS 1, what would you consider a complete final Accounts ready for publication? (5marks)

b) State what you would expect to find on the face of general financial statements.(6marks)

c) Explain how you would interprete Financial statements to the different users of accounting

information with illustrations.(6marks)

d) As per IAS 16: PPE, how would you recognize your company's assets that were acquired with

the intention of generating Revenue (4marks)

(e) Explain how you would treat a provision as per guidance of IAS 37for legal suit by a former

staff whose job was terminated?(4marks)

Total 25 marks