The conceptual framework underpinning regulation of published financial statements, states that information contained in the statements should have certain specified, qualitative characteristics. a. Schools must maintain accurate accounting records. Discuss. (4 marks) b. Explaining the interests of each group of people, identify the consumers (users) of a school's accounting information. (6 marks) c. Discuss, in brief, any five characteristics of useful (good) accounting information. (10 marks) [TOTAL: 20 MARKS]