Accounting purpose Accounting objectives
Accounting principles –LO1 Guideline
LO1
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Task 1 Accounting purpose Accounting objectives
Standards& Regulations
Ethics Definition
Five Ethics fundamental principles
one of Financial scandal cases must be mentioned
Explain what useful information mean by Using the conceptual framework components 1. relevant 2.faithful representation
Task 2 External users definition Internal users definition External users Examples
Internal users Examples
How does financial information serve external users in the decision-making process How does financial information serve internal users in the decision-making process
Task 3
role of accounting in informing decision-making to meet organizational, stakeholder and societal needs within complex operating environments
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