Question: QUESTION 1 {10 HARKS} Each question carries [1.5 mark. Fiil in the blanks to identify whether it is 'Financial Accountingr or 'Management Accounting. [a] ____________

QUESTION 1 {10 HARKS} Each question carries [1.5 mark. Fiil in the blanks to identify whether it is 'Financial Accountingr or 'Management Accounting\". [a] ____________ proyides information to people within an organization. [or ____________ is for those outside an organization {e.g. shareholders). [43} ____________ is required by law. [d] ____________ is not required by law. Specific standards and formats may he required for statutory accounts, such as in the MFRS or lFFtS. [6} ____________ covers the entire organization. if} ____________ may be concerned with particular products or cost centres. to} ____________ is used primarily by those within a company or organization. Reports can be generated for anyr period of time and are considered to its \"future iooking and have forecasting yalue to those within the company. [it] ____________ is used primarily by those outside of a company or organization. [ii To calculate the cost and price of product: ___________ _ [1} Review reports for Securities Com mission: ____________ [ki Analysing whether a transaction is an asset or liability: _____________ {I} Preparing budget for the next 5 years: _____________ [m] To stop production for Johor's plant: _ [n] Preparing information for external auditors: __________ [o] An organization issues shares for expanding its business: ___________
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