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The general public may be interested in that the company is established under the ethics of the society. And they expect the company to be responsible for their activities. (For example, does not pollute the environment and does not produce unhealthy products, or does not provide anti-social products of ideas).
And as a country they could be prideful when the company is listed among other top rated companies internationally. And it exposes the country's good name.
The general public is interested in accounting information to know that company is obtaining profits, so which they could maintain their state of the economy accordingly.
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What is management accounting information used for?
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
Who are the users of output of accounting information system?
Users of the output of accounting information systems would be the companies themselves, to see how they stand. The information is also used by outsiders. Banks will want to look at the accounting information to know if they should make a loan to the company. If it's a public company stockholders will use the information in purchasing or trading stock.
Who uses accounting information?
Many people use accounting information including investors, government entities and shareholders. Since so many people use accounting information, the reports must be accurate.
Differentiate between cost accounting and financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .
Is financial accounting cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.
Why does financial accounting have to comply with GAAP but managerial doesnt?
No Accounting standards have been developed for managerial accounting and it is so that because managerial accounting deals and use for internal purpose of management and do not concern with outside stake holders that's why it is on organizations decision that how they use managerial information. IFRS or IAS or GAAP are developed for financial accounting because financial information is required to be disclosed to general public and that's why it is for the benefit for the general user who don't know much about general working of entity so to make it helpfull these accounting standards are developed so that these general public can get information they required from financial statements of the entity easily.
Who are the users of output of accounting information system?
Users of the output of accounting information systems would be the companies themselves, to see how they stand. The information is also used by outsiders. Banks will want to look at the accounting information to know if they should make a loan to the company. If it's a public company stockholders will use the information in purchasing or trading stock.
What is management accounting information used for?
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
Who uses accounting information?
Many people use accounting information including investors, government entities and shareholders. Since so many people use accounting information, the reports must be accurate.
Differentiate between cost accounting and financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .
Is financial accounting cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.
Disadvantages of financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,... Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
Financial accounting vs cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
How do you integrate cost accounting with financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management...Cost Accounting related to accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand,
What is Public Relations and what is Publicity How are they different from advertising When and how would you use public relations as a marketing manager?
Public Relations helps manage the relationship between your company, customers, and the general public whereas Publicity focuses on providing newsworthy information about your company and its product to the general public.
What are roles of accounting in business?
the simplest answer to this question is that accounting provides information for managers to use in operating the business.
When would you enter a general journal adjustments in an accounting package?
General journal entries are transactions that you use to track general expenses. You would enter a general journal adjustment in an accounting package for a special situation only.
