SAMPLE WORK
Complete copy of this financial accounting revision kit in hard copy goes for Ksh 600
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TOPIC 1
INTRODUCTION TO ACCOUNTING
QUESTION 1
August 2025 Question Two A
Highlight TWO characteristics of accounting principles. (2 marks)
QUESTION 2
April 2025 Question Two B
Explain FOUR objectives of financial accounting. (4 marks)
QUESTION 3
December 2024 Question One C
Summarise FOUR objectives of preparing financial statements of an organisation. (4 marks)
QUESTION 4
August 2023 Question Five A
Explain the nature of the accounting equation. (4 marks)
QUESTION 5
December 2022 Question Five D
Analyse FOUR objectives of financial statements. (8 marks)
QUESTION 6
August 2022 Question Five A
Outline the information required by each of the following users of accounting information:
(i) Owners. (2 marks)
(ii) Customers. (2 marks)
(iii) Suppliers. (2 marks)
(iv) Lenders. (2 marks)
(v) Management. (2 marks)
QUESTION 7
April 2022 Question One A
Highlight five elements of financial statements. (5 marks)
QUESTION 8
December 2021 Pilot Paper Question One B
Accountants prepare and maintain financial records for firms and other institutions and extract financial statements as guided by various International Accounting Standards and other statutory regulations.
Required:
Identify and explain any six users of financial information, indicating clearly the area of interest for each. (12 marks)
QUESTION 9
November 2018 Question One A
In the context of the International Accounting Standards Board’s Conceptual Framework for Financial Reporting, explain the five elements of financial statements. (10 marks)
SAMPLE WORK
Complete copy of this financial accounting revision kit in hard copy goes for Ksh 600
Call/ Text/ WhatsApp 0728 776 317 to order
Email: info@masomomsingi.com
