solved 1. Make a PowerPoint to explain the following topic Expenses:
1. Make a PowerPoint to explain the following topic
Expenses:
? Â Clarify the term expense
? Â Outline some examples of expenses
? Â Explain why businesses need expenses to operate (use a business example)Â
2. Outcomes Assessed:
K1. Â the nature and functions of financial accounting
K2. Â recording processes and the different needs that various businesses and stakeholders have for accounting services
K3. Â the nature, components and structure of financial statements and reports
K4. Â the use of accounting principles
U1. Â the nature of accounting and its use in business and societ
U2. Â the language and terminology used by accountants
S1. Â apply basic accounting methods and procedures appropriately
S2. Â correctly record and classify accounting data to prepare appropriate financial reports
S3. Â apply mathematical concepts appropriately in business situationsÂ