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Financial Accountong is tha process of recording information of the Day to Day runing of an organisation for tranparency. or it si the sharing of information to people outside the company or organisation.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agoSimply, the "financial accounts" would refer to three fundamental information. 1. Profit & Loss Statement 2. Balance Sheet Statement 3. Changes in Equity Statement Official names of these statements vary depending on what regulations the company is under. /BL
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Why is a savings account considered a financial investment?
Why is saving considered a financial investment
A share draft account is another name for a checking account in what type of financial institution?
credit union
Which financial institution do you need if you have bills to pay?
A BANK account.
What is a managed forex account?
A managed forex account is one in which someone with financial expertise (a financial planner or manager) trades stocks for an individual so that they do not have to do it themselves. A fee is charged for this service.
How do you access my spouses chacking accounts?
At my financial institution, you must be listed as an owner of the account in order to obtain any financial information. If your spouse is the sole owner of the account, the bank should not tell you anything.
What is the difference between the financial account and the current account?
They are the same.
What is the relationship between capital account balance and current account balance?
The balance of payments, then, is the sum of the balance on current account and the balance on capital and financial account. It is important to understand that the deficit indicated by the current account is financed through activities recorded on the capital and financial account. The deficit on the current account must be exactly offset by the surplus on the capital and financial account (if it is not, net errors and omissions will correct it). This means then that the sum of the current account and the capital and financial account is equal to zero.
What is the important of financial account?
it helps one to know his financial statement
Why is a savings account considered a financial investment?
Why is saving considered a financial investment
What is a SWIFT MT 104?
The MT 104 is used to convey customer direct debit instructions and can be:sent by a non-financial institution account owner, or a party authorised by the account owner, to a financial institution to request the direct debit of the debtor's account with the receiver or with another financial institution, and subsequently to credit the creditor's account maintained by the receiver or one of its branches.sent by the creditor's bank, or another financial institution, to the debtor's bank, or another financial institution, on behalf of the creditor/instructing party to order the debit of the debtor's account and to collect payment from this account.sent by a non-financial institution account owner, or a party authorised by the account owner, to a forwarding financial institution to request the direct debit of the debtor's account and subsequently to credit the creditor's account serviced by a financial institution in another country.sent between two financial institutions on behalf of a creditor/instructing party to request the direct debit of the debtor's account in the Receiver's country and subsequently to credit the creditor's account maintained by the Receiver or one of its branches.
What is the function of the account officer?
To ensure that financial events are accurately and appropriately recorded in the company's financial and or financial statements.
Suspense Account format?
suspence account are temporary holdling account for financial information on general ledger
What is an account with a financial institution used to pay taxes and insurance called?
An Escrow Account.
What is account?
Accounting is the process of collecting financial data,recording,presenting,analysing, summarizing & communicating financial information to the users of financial statements.while Book-keeping is just d collecting & the recording phase of Account.
What is account's?
Accounting is the process of collecting financial data,recording,presenting,analysing, summarizing & communicating financial information to the users of financial statements.while Book-keeping is just d collecting & the recording phase of Account.
What is financial accounting and what are the terms used in financial accounting?
Financial accounting is a recording, summaring, classifying, communication, anlaysing of business transactions in oder to ascertain the financial position at a given time. and the trms use in financial accounting are: The dual concept in accounting, that is Debit the receiver's account and credit the Giver's account
How does the drawing account affect financial statement?
A drawing account and the only one I know of is usually listed as a Withdrawal account, which is an account used to record money an owner withdraws for personal (private) use. A withdrawal account will affect the financial statement by decreasing assets and owners equity.
