Topic: INTRODUCTION TO ACCOUNTING.

QUESTION ONE:

State and define the key terms used in Accounting?

QUESTION TWO:

Explain the nature and purpose of accounting?

QUESTION THREE:

Explain the different phases of accounting process?

QUESTION FOUR:

Explain the different branches of accounting?

QUESTION FIVE:

State and explain the different users of financial information?

QUESTION SIX:

What is the general purpose of accounting?

QUESTION SEVEN:

Explain the two main financial statements available to users

a. the statement of financial position

b. the income statement.

QUESTION EIGHT:

explain the four main concepts:

QUESTION NINE:

State and explain the attributes/qualities of a good accounting information?

QUESTION TEN:

Name and explain the role of regulation of accounting profession?