ACC- 101 (Chapters 1-6) Exam questions with correct answers 2026/2027 Edition Graded A+ Types of Accounting Information - Financial, Management, Tax Roles of accounting information system -An accounting system consists of the personnel, procedures, t

ACC 1O1/102/202
ACC/FIN/110.
Accounting
CPA 2026/2027 BUSINESS

, ACC- 101 (Chapters 1-6) Exam
questions with correct answers
2026/2027 Edition Graded A+
Types of Accounting Information - ✅✅Financial, Management, Tax


Roles of accounting information system - ✅✅An accounting system
consists of the personnel, procedures, technology, and records


Functions of accounting information system - ✅✅(1) to develop
accounting information and (2) to communicate this information to
decision makers.


Elements of Internal Control - ✅✅Control Environment, Risk
Assessment, Control Activities, Monitoring Activities, Information and
Communication


Examples of stakeholders/ external - ✅✅owners, creditors,
potential investors, customers, public, supplies