300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
(a) The purpose of financial reporting is to communicate accounting information that is useful to users of accounts. These users and their information needs vary. Discuss.
(b) There are a large number of circumstances that could lead to going concern problems. Enumerate the circumstances that could lead to going concern problems for an entity.
