What exam questions can you ask from the topic 'Purpose of Financial Accounting '?
1. What is the primary purpose of financial accounting in a business organization?
2. Explain the importance of financial accounting in decision-making for stakeholders.
3. How does financial accounting help in ensuring transparency and accountability in an organization?
4. Discuss the role of financial accounting in facilitating the preparation of financial statements.
5. How does financial accounting help in determining the financial health and performance of a company?
6. Explain the significance of financial accounting in complying with legal and regulatory requirements.
7. Discuss the relationship between financial accounting and managerial accounting in an organization.
8. How does financial accounting contribute to the overall strategy and planning of a business?
9. Explain the ethical considerations that need to be taken into account in financial accounting practices.
10. Discuss the impact of technology on financial accounting processes and practices.