CIMA Fundamentals of financial accounting BA3 Question # 5 Topic 1 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 5 Topic 1 Discussion

BA3 Exam Topic 1 Question 5 Discussion:
Question #: 5
Topic #: 1

An accountant is taking on financial accounting responsibilities for company PQ. Which TWO of the following are NOT true of financial accounting?


A.

It's purpose is to provide financial information to an external source


B.

It's purpose is to provide information for internal use


C.

Performed without adherence to standard accounting rules


D.

Performed in accordance with legal requirements


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