Revision: Intro to Acc / Elements of FS / Double entry

The role of accounting is to provide accounting information for ________-______ by stakeholders.

(a)  

The role of accountants is to provide accounting information for decision-making and act as (a)   of business.

The professional ethics, integrity suggests that an accountant is (a)   and honest in all professional and business relationships.

The professional ethics, objectivity suggests that an accountant who is objective will not let bias, ________ __ ________ or undue influence of others override his/her professional judgement.

(a)  

Owners and shareholders use financial information to decide whether to continue (a)   in the business, depending on risks and profits.

Managers use financial information to consider ways to (a)   performance of the business.

Employees use financial information to evaluate their ______ ________ and if they will receive their salaries promptly.

(a)  

Lenders use financial information to decide whether to _____ _____ to business.

(a)  

Suppliers use financial information to decide whether to sell goods to business on (a)   terms or cash terms based on the business ability to pay.

Customers use financial information to evaluate if the business will be able to provide _____-____ support.

(a)