1 When asked whether he wanted his pizza cut into ten or twelve pieces the financial accountant replied Ten pieces please. I couldnt possibly eat twelve. Discuss from an overhead allocation viewpoint.

2 Discuss two key differences between cash and accrual accounting.

3 Explain what useful information readers of financial statements obtain when they review the assets on the balance sheet.

4 Your car mechanic has decided to use process costing for the month of August. Should you reschedule your 30 August appointment? Discuss.

5 The Statement of Financial Position (Balance Sheet) shows the assets, liabilities and owners equity values at a certain date. It doesnt give any guidance for the future prospects of a firm. Do agree or disagree. State your reasons

A maximum of 50 words for each question