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2.  What key significance does the characterisation of accounting as the “language
                 of business” hold, and what fundamental role does it fulfil within this context?

             3.  Give advice to a small business owner who is having difficulty staying afloat.
                 How would you define “business entity” and “going concern” for them, and what
                 role do these terms have in comprehending the state of the company’s finances?
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             4.  As part of a company’s financial reporting staff, discuss on the significance
                 of consistently following foundational accounting rules when compiling the
                 company’s financial statements as necessity of preparing financial statements so
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                 as to ensure precision, transparency, and adherence.
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             5.  As CEO of an expanding company, how does accounting info impact your
                 decisions? How do you manage risks and allocate resources effectively, including
                 pricing, strategy, and investments? How does integrating accounting data boost
                 profitability and ensure success in a competitive industry?


















































            Student’s Book Form Five
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