Answer all question and be as concise as possible.

1.What is the definition of accounting and how does it differ from bookkeeping?

2.What are the basic principles of accounting, and how do they apply to financial reporting?

3.How is financial information organized and presented in financial statements?

4.What is the accounting equation and how is it used in financial reporting?

5.What is the difference between a balance sheet and an income statement?

6.What is the purpose of a statement of cash flows and how is it prepared?

7.What are the different types of costs and how are they classified in financial reporting?

8.What is the difference between a debit and a credit, and how are they used in double-entry accounting?

9.What is accrual accounting and how does it differ from cash-based accounting?

10. How are non-current assets, such as fixed assets and intangible assets, reported on financial statements?

11.What is the concept of depreciation and how is it applied in financial reporting?

12. What is the concept of inventory and how is it valued for financial reporting purposes?

13.What are the various methods of inventory valuation, and how do they impact financial statements?

14.How are liabilities classified and reported on financial statements?

15. What is the concept of shareholder equity and how is it reported on financial statements?

16. What is the concept of earnings per share and how is it calculated?

17.What is the purpose of a budget and how is it used in financial planning and control?

18.What is the purpose of a cash budget and how is it prepared?

19. What are the different types of financial ratios, and how are they used in financial analysis?

20.What is the purpose of a breakeven analysis and how is it used in financial decision-making?

21.What is the concept of working capital and how is it calculated?

22. What is the concept of net present value and how is it used in capital budgeting decisions?

23.What is the concept of internal rate of return and how is

it used in capital budgeting decisions?

24.What is the concept of cost of capital and how is it used in capital budgeting decisions?

25.What is the concept of capital structure and how does it impact a company's financial performance?

26.What are the different types of financing, and how do they impact a company's financial position?

27.What is the concept of leveraged buyout and how does it impact a company's financial position?

28.What is the concept of risk management and how is it applied in financial decision-making?

29 What are the different types of financial derivatives, and how are they used in financial risk management?

30.What is the concept of financial markets and how do they impact a company's financial position?