Year 11 Final Examination 2017

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MasterfulPyrope3852
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9 Questions

How many questions are there in total in the paper?

7

What is the time allowed for the examination?

3 hours

When using extra sheets of paper, what should be ensured?

Show clearly the question number(s) being answered

What is the only permissible use of a pencil?

Drawing

What is the primary purpose of financial accounting?

To report financial information to external users

Which field of accounting focuses on information for internal use by management?

Management accounting

What are practitioners of accounting commonly referred to as?

Accountants

What are the synonyms often used for the term 'accounting'?

Accounting and financial reporting

To whom does financial accounting convey an organization's financial information?

External users

Study Notes

Examination Details

  • There are a total of unspecified number of questions in the paper.
  • The time allowed for the examination is not specified.

Examination Rules

  • When using extra sheets of paper, the candidate's name and Centre Number should be ensured.

Accounting Basics

  • The only permissible use of a pencil is for diagrams and graphs.
  • The primary purpose of financial accounting is to convey an organization's financial information.
  • Financial accounting conveys an organization's financial information to external parties such as investors and creditors.

Management Accounting

  • Management accounting focuses on providing information for internal use by management.

Accounting Professionals

  • Practitioners of accounting are commonly referred to as accountants.

Synonyms for Accounting

  • Bookkeeping and finance are often used as synonyms for the term 'accounting'.

Test your accounting knowledge with the Ministry of Education Fiji Year 11 Final Examination 2017. This quiz challenges students to demonstrate their understanding of accounting principles and concepts within a time limit of 3 hours. Get ready to showcase your skills and ace this exam!

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