Question $4$

a$)$ Explain any five importance of human resource accounting.

$[5$ marks$]$

b$)$ The statement of shareholders' equity is usually not considered the most important part of the financial statements and is often ignored in analysis. However, it is the first statement that the analyst should examine before going on to the other statements. What is the importance of the Statement of Shareholders' Equity?

$[5$ marks$]$

c$)$ Explain any five limitations of financial statements and as a financial analyst discuss how you will deal with each of the limitations$.$

$[10$ marks$]$

$[$Total: $20$ marks$]$