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Sales budget is the starting point of budgeting process because it provides the all important figure of budgeted sales data for production budgets and for all other budgeted financial statements.
what is financial accounting?
In financial analysis the analyst compute financial ratios to determine the financial health of an financial institutoin rather than simply studying raw financial data.
auditor check reliability of financial data of the organization, and he give assurance about financial data of an organization.
Financial accounting is the process of preparing financial statements using data and figures. Cost accounting is similar but you look for alternative ways to figure these figures and data.
To implement changes in an new organization, what are the critical data sources you would use to measure the financial outcomes?
Sales budget is the starting point of budgeting process because it provides the all important figure of budgeted sales data for production budgets and for all other budgeted financial statements.
Yes. Statistics and statistical functions would indeed be used in a financial spreadsheet. A lot of financial data is statistical.
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what is financial accounting?
production budget
In financial analysis the analyst compute financial ratios to determine the financial health of an financial institutoin rather than simply studying raw financial data.
what is financial accounting?
Budget is more accurate than forecast. A budget can be had from historic data whereas forecast looks into the future trends.
auditor check reliability of financial data of the organization, and he give assurance about financial data of an organization.
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All data work like collecting financial data and others data