Answer all the questions Each question carries 3 Marks Each 15 Marks 1. Accounting statements are used by various Internal and External Stakeholders Provide the importance of each of the stakeholder. (150 words) 2. When accounts are prepared it is inherently assumed that the enterprise will be perpetual and will not be closed down With this principle in mind, business make provisions. Comment (150 words) 3. Accounting systems are governed by rules, guidelines, and standards as laid down by the government from time to time Companies are required to adhere these strictly. How reliable do you find these Accounting Statements Provide examples of UAE based firms where Accounting Statements was not commensurate according to the rules. (150 words) 4. Basically, the cash or fund flow can be subdivided into three broad categories Explain the important three Cashflow statements. (150 words) 5. What are the important leverage ratios which needs to be calculated in comparing the sector comparisons? (150 words)