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An accounting system that collects financial and operating data on the basis of the underlying nature and extent of the cost driver is?
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∙ 12y ago
Activity-based costing.
Wiki User
∙ 12y ago
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What is quickbooks software about?
Quickbooks software is all about automating accounting functions of a business. It serves as an accounting information system that stores and processes financial and accounting data that can be used by a business. Simply put, it collects and organizes data in such a meaningful way that any user can generate reports or files for inventory tracking, audit trail, tax management, and other business tasks.
How is accounting used in real estate?
It's difficult to understand from your question and the categories you chose, exactly what you want to know. If you invest in real estate, and you rent it, that asset takes on accounting implications that are different from investing in real estate and living in it or operating your business from it. If you are the treasurer of an association that collects assessments from owners in order to pay the expenses of operating the real estate that all owners own in common, that's a different kind of accounting paradigm altogether. Your tax advisor or tax attorney or CPA can answer your precise question.
What does account impounding mean?
Account impounding is an accounting term used to describe an account that is maintained by a mortgage company. This account collects hazard insurance, property taxes, private mortgage insurance, and other required payments.
Who collects land revenue in a village?
A Patwari collects the land revenue in the village
What is ledger folio in accounting?
The final destination of all entries made in the journal is the ledger as they are all subsequently transferred to it. The ledger is the most important book under the double-entry system. Ledger is a permanent book of record, which contains all accounts relating to the financial transactions of a business. Therefore, it is also called the book of accounts. An account contained in the ledger book is called ledger account. A ledger account is a statement shaped liked an English alphabet 'T' that systematically contains all financial transactions relating to either a particular person or thing for a certain period of time. Ledger account provides financial information such as how much a particular person owes to or from the business, what is the value of particular asset the business possesses at a point in time, or what is the amount of particular head of expense or income business has incurred or earned during a particular period. , The ledger book, therefore, contains the details of all classified information of financial transactions of the business. It is also called the principal or main book of accounts. It collects records and provides the financial information of the business in a classified manner so as to ascertain the profit and loss and financial position of the business at a certain point of time.
What is quickbooks software about?
Quickbooks software is all about automating accounting functions of a business. It serves as an accounting information system that stores and processes financial and accounting data that can be used by a business. Simply put, it collects and organizes data in such a meaningful way that any user can generate reports or files for inventory tracking, audit trail, tax management, and other business tasks.
How is accounting used in real estate?
It's difficult to understand from your question and the categories you chose, exactly what you want to know. If you invest in real estate, and you rent it, that asset takes on accounting implications that are different from investing in real estate and living in it or operating your business from it. If you are the treasurer of an association that collects assessments from owners in order to pay the expenses of operating the real estate that all owners own in common, that's a different kind of accounting paradigm altogether. Your tax advisor or tax attorney or CPA can answer your precise question.
What is Financial information?
The financial information system enables you to run evaluations for the general ledger, accounts receivable, and Accounts Payable. The Financial Accounting application component is the primary database of the financial information system. This application is a central data pool that collects all accounting data from within an organization. The function of the financial information system is to evaluate this extensive database online and display the information on the screen in an easy-to-read form. Within the accounts receivable and payable information systems, you can analyze individual operational areas as often as you require. You can evaluate, among other things, payment history, cash discount history, currency exposure among customers and vendors, or aging reports.
What is financial information system?
The financial information system enables you to run evaluations for the general ledger, accounts receivable, and accounts payable. The Financial Accounting application component is the primary database of the financial information system. This application is a central data pool that collects all accounting data from within an organization. The function of the financial information system is to evaluate this extensive database online and display the information on the screen in an easy-to-read form. Within the accounts receivable and payable information systems, you can analyze individual operational areas as often as you require. You can evaluate, among other things, payment history, cash discount history, currency exposure among customers and vendors, or aging reports.
What does OFR stand for?
OFR stands for Office of Financial Research. It is a bureau within the U.S. Department of the Treasury that collects and analyzes financial data to support the stability of the financial system.
What is the arrangement by which a financial institution pays you immediately the money that is owed you in return for a percentage and then collects those debts?
It's Factoring!
What are the functions of a financial intermediary?
A financial intermediary is a financial institution focused on connecting 'agents of surplus and deficit'. The most common form is a bank, which collects deposits from people making savings, then turns that into loans for people who need cash right away.
What service is provided by the Financial Fraud Research Center?
The Financial Fraud Research Association collects information on financial fraud, helps distribute such information, and helps fund research on the topic. The organization's website contains, among other things, an archive of research papers.
What does account impounding mean?
Account impounding is an accounting term used to describe an account that is maintained by a mortgage company. This account collects hazard insurance, property taxes, private mortgage insurance, and other required payments.
What kind of time-series method does the Federal Reserve perform?
The Federal Reserve, for example, collects data on monetary policy and financial institutions and publishes that data in the Federal Reserve Bulletin.
Where ozone collects?
The ozone collects at the stratosphere. It is formed there only.
What is the adjective of this sentence Donavan collects many words?
collects
