Financial accounting always discusses the events and transactions in terms of money where as cost & management accounting discusses the aspects in terms of profits and losses and concern is related to reporting to management. Thus it can

Q: ome specific activities that a financial manager does? For example: Review balance of company…

A: Financial manager have many important activities that need to be done on daily routine basis and…

Q: Accountants have important roles in virtually any business, organization or government agency that…

A: Account - It is the summarised presentation of all the events that are linked to a particular head.

Q: mechanical aspect of accounting

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: directed towards future and present, b) follows standards and norms, c) helps managers in decision…

A: Financial statements comprises of the following: Balance Sheet  Income statement  Statement of Cash…

Q: A friend asks you about whether GAAP requires companies to disclose forecasts of financial variables…

A: Accounting information includes all the relevant and important information about the company. The…

Q: The primary objective of financial reporting is to provide information . In an ethical manner.  To…

A: The objective of financial reporting is to give information about financial performance and…

Q: The goal of management accounting is to: a. Help bankers to make lending decisions b. Help the…

A: Management accounting - management accounting helps in making decisions of the business and helps in…

Q: Accounting information provides useful information about business transactions and events. Those who…

A: SOLUTION- RELEVANCE REFERS TO THE PROPERTY OF INFORMATION BEING CAPABLE OF MAKING A DIFFERENCE IN…

Q: Most of the professional accountants support Historical cost accounting over the Current cost…

A: Historical cost accounting says that all assets and expenses in the business should be recorded at…

Q: What are some of the limitations of cost accounting?

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Financial accounting is the primary source of information needed for decisio making, planning, and…

A: Note: As per the Policy,We’ll answer the first question since the exact one wasn’t specified. Please…

Q: The objectives of financial reporting for business enterprises are based on the need for…

A: Financial reporting is the financial result of an organisation. Financial result include cash flow…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

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Q: What kind of tools do financial managers leverage to access and/or monitor the health and…

A: Ratio Analysis:  Ratio analysis is the tool that helps the financial manager to access or monitor…

Q: Discuss the two main branches of accounting and explain the differences between financial accounting…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: how accounting information helps shareholders and lenders to make decisions concerning the…

A:

Q: ch of

A: Management accounting reports only to internal parties mainly the managers since it helps them in…

Q: In carrying out operations and finances in a business, entrepreneurs usually review again decide on…

A: Financial activities are the activities of a corporation that are undertaken by the corporation for…

Q: In her 1988 article called ‘Financial Accounting: In Communicating Reality, We Construct Reality’,…

A: Introduction:- The field of accounting that deals with the summary, analysis, and reporting of a…

Q: The main purpose of company accounts is stewardship, so accounting standards based on…

A: As per the Question,  we need to write the problems faced by the company who wants to prepare books…

Q: Explain how accouning principles are used to analyze a business’s financial health ,What accoun!ng…

A: Financial Analysis based on principles of accounting includes both analysis and interpretation. An…

Q: Which of the following is true of financial accounting, but not true of managerial accounting?…

A: The accounting is a process to identify the business transactions, record the transactions and…

Q: Accounting information provides useful information about business transactions and events. Those who…

A: SOLUTION- UNDERSTANDABILITY IS THE CONCEPT OF FINANCIAL INFORMATION SHOULD BE PRESENTED SO THAT A…

Q: Write True (T) or False (F) The objective of financial reports is to provide information regarding…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: activities need judgment in preparing the accounting earnings

A: Accounting earnings is the net income earned from conducting the business of the entity. It is…

Q: Assuming that you are one of the people who has the responsibility to manage the financial aspects…

A: Financial managers are the important people of the organization. They deal with financial aspects of…

Q: The corporate disclosure practice will help all the stakeholders to understand and measure business…

A: Corporate disclosures: It is the practice of communicating the information and value to public,…

Q: Explain how accounting principles are used to analyze a business’s financial health, What accounting…

A: Introduction: Financial analysis based on accounting standards entails both analysis and…

Q: ship, so accounting standards based on ‘decision-usefulness for investors’ are misconceived. And…

A: It will cause many additional problems that the really need is the Companies Act requirement in…

Q: Why does financial accounting have a positive impact on our society? a. It entails a detailed…

A: Given: The positive impact on financial accounting in our society.

Q: Which of the following can use financial concepts to improve their decisions?   Multiple Choice…

A: Finance is a core part of every business. Financial concepts can be used by any professional who…

Q: Accounting information provides useful information about business transactions and events. Those who…

A: Since we only answer up to 3 sub-parts of question 1, we’ll answer the first 3. Please resubmit the…

Q: he corporate disclosure practice will help all the stakeholders to understand and measure business…

A: Financial statement: Financial information is a written record of an organization and individual…

Q: Accounting information provides useful information about business transactions and events. Those who…

A: Note: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: Accounting information helps key stakeholders of the business to make decisions.From the following…

A: Accounting data refers to information about a business's transactions. From purchasing inventory and…

Q: describe the following: Your answer: A. the primary purpose of the entity B. the types of…

A: Introduction: Decision making involves both financial and non-financial factors. Financial factors…

Q: dentify which branch or field of accounting provides the functions and services stated below. Choose…

A: There are several branches of accounting and these branches have their own purposes. These are:…

Q: Accounting information provides useful information about business transactions and events. Those who…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts of…

Q: How one can help the Financial Accounting Department of a multinational company if he/she is hired?

A: Preparing financial statements, managing the general ledger, paying taxes, billing clients,…

Q: Q9 a.Financial accounting always discusses the events and transactions in terms of money where as…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: An enhancing qualitative characteristics of financial accounting information is that: Information…

A: The criteria for enhancing qualitative characteristics of financial accounting information is…

Q: Explain the following for a manufacturing, retail, or service business: The primary purpose of the…

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Q: We have talked about personal financial planning as well as the planning within a business.  As we…

A: Personal financial planning popularly known as personal finance, deals an individual’s financial…