Practice Activity 2.1 Users of accounting information Identify and explain the information requirements of primary users of general...

Identifying refers to ascertaining the …………….. of a business entity. Recording refers to ………… financial transactions systematically or...

Historically, accounting has evolved from various dimensions of …….. in the world. Trade is the exchange of goods or rendering services...

Can you think of more differences between the private sector and the public/government sector concerning accounting? Suggested answers to...

Can you think of factors that differentiate financial accounting from managerial accounting? Suggested answers to practice activity 1.4...

Can you think of a possible reason for distinguishing accounting into financial and managerial accounting? A suggested answer to practice...

Practice Activity 1.2 Accounting practices in the Medieval Era Can you remember some facts about accounting practices in the Medieval...

Practice Activity 1.1 Accounting in the Ancient Civilisations Can you remember some facts about accounting in ancient civilisations?...