Question: please help to solve these questions. Question 1 Your roommate is curious about the features of a process cost accounting system. Explain FOUR (4) distinctive

please help to solve these questions.

Question 1 Your roommate is curious about the features of a process cost accounting system. Explain FOUR (4) distinctive features to your roommate. (Total 10 marks) Question 2 The issue of quality of earnings has taken on increasing importance because of recent accounting scandals and financial crisis. Explain THREE (3) factors affecting the quality of earnings of a corporation. (Total 10 marks) Question 3 A budget is a formal written statement of management's plans for a specified future time period, expressed in financial terms. Required: (a) Explain THREE (3) benefits of budgeting (6 marks) ( b ) Explain the TWO (2) essentials of effective budgeting. (4 marks) (Total 10 marks)

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