Question: Question 1 : (16 marks) Describe the accounting process to show what accountants and bookkeepers do in practice. You might include a diagram as well

Question 1: (16 marks)

  1. Describe the accounting process to show what accountants and bookkeepers do in practice. You might include a diagram as well to show the steps involved in the accounting process. . (6 marks)
  2. Distinguish between the roles of the two main branches of accounting financial accounting and management accounting. Give and explain examples to show how the two roles differ. (6 marks)
  3. Explain how each role captures data that are processed into information. (4 marks)

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