Problem 1: List 10 different users of accounting information. Classify them as internal or external users. Explain why each user needs accounting information.

Problem 2: Identify the type of accounting (Financial/Cost/Management) needed in these scenarios:

• A company preparing annual reports for shareholders
• A manager deciding whether to launch a new product
• A factory calculating per unit production cost
• A bank evaluating a loan application
• A department head is planning next quarter’s budget

Problem 3: Write a 200-word essay on “Accounting as the Language of Business.” Include real-world examples.

Problem 4: Create a mind map showing the relationship between recording, classifying, summarising, and interpreting accounting information.

Problem 5: Interview a small business owner or accountant. Prepare a report on how they use accounting in daily business operations. (Minimum 300 words)