SECTION A [30 MARKS] Answer ALL the questions in this section. Question 1 (10 Marks) You are part of a team of Financial Accounting 2A students who have been invited to the Inkosi Albert Luthuli Convention Centre (ICC) in Durban for the Annual Investment Conference that is hosted by Ithala Bank. During one of the presentations by the CEO entitled, "The Dynamics of Financial and Management Accounting in the South African banking sector he speaks about various challenges and control systems that have been adopted to ensure that financial controls are effective. Having attended this enriching conference, you have been requested by your academic lecturer to present a report outlining the following; 1.1 Distinguish between financial and management accounting in the context of a commercial bank. (5 marks) 1.2 Summarise the elements and contents of the Financial Reporting Conceptual Framework