Question 3.2 There are different users of financial statements and each category of user has a certain desired objective and goal. Identify and briefly discuss the five users of financial information (10 1

A Further Look at Financial Statements,” of Accounting. What is a standard-setting environment?  How can I Identify 1 example and describe how it functions.

Who are the various users of Financial Statements?

What does the purpose of compare financial statement?

what does a financial statement most contain?

16 What do the following accounting terms and principles mean: Please define and provide an example of how it would be applied. Matching Principle - Historical Cost – Monetary Unit – Accounting Period – Going Concern –

10. Accounts receivable and accounts payable are most likely classified as which financial statement elements?  Accounts receivable          Accounts payable Revenues                        Liabilities Assets                             Liabilities Revenues                        Expenses