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Understand the financial reporting environment. (Q1) List the 3 essential characteristics of FINANCIAL accounting & How does it differ fromwith Managerial acct. (Q2) List the
Understand the financial reporting environment.
(Q1) List the 3 essential characteristics of FINANCIAL accounting & How does it differ fromwith Managerial acct.
(Q2) List the 4 financial statements typically provided:
Q4. What is the objective of financial reporting?
Q5 What does decision-usefulness mean in the context of financial reporting.
Q6. Why do we need a common set of standards in financial accounting and reporting?
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