Question: ALL the questions. QUESTION 1 (20 Marks) 1.1 Explain what is Management Accounting (4 marks) 1.2 Explain what is Financial Accounting (2 marks) 1.3 Elaborate

ALL the questions. QUESTION 1 (20 Marks) 1.1 Explain what is Management Accounting (4 marks) 1.2 Explain what is Financial Accounting (2 marks) 1.3 Elaborate on how does management accounting serve the need of managers. (6 marks) 1.4 Identify and explain FOUR (4) requirements for effective management accounting. (8 marks)

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