Professional accountants find themselves interacting with human resources managers in a number of different capacities either personally or as an…

1. Professional accountants find themselves interacting with human resources managers in a number of different capacities either personally or as an employee of their company. List three of these capacities (2 marks) and indicate why a knowledge of accounting would be useful to a career in human resources management (6 marks – 14 minutes)

2. Define and provide an example to explain any FOUR accounting concepts. (1.5 marks or 2 minutes each – total 6 marks or 14 minutes)

3. Who are the most important users who should be taken account of in setting accounting standards, and why? (3 marks- 7 minutes)