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A spreadsheet is for numerical analysis and manipulation, so anything to do with numbers and calculations can be done with a spreadsheet. Spreadsheets also have some specialised functions specifically for financial activities. So spreadsheets can indeed be used for financial and cost record keeping.
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What is an accounting system?
The interlocking accounting is a system where the cost and financial accounts are maintained independently of each other, and in the cost account no attempt is made a aseparate record of the financial account transactiona
What is an interlocking accounting system?
The interlocking accounting is a system where the cost and financial accounts are maintained independently of each other, and in the cost account no attempt is made a aseparate record of the financial account transactiona
Compare costing department with administrative department?
The costing department advises the management to take decisions based on the cost efficiency and capability. The administrative department relates to daily activities like financial planning, billing, record-keeping, personnel, etc. ,
How does it cost money to hold money?
By not keeping your money in a financial institution you are not earning interest on it while it sits their vice sitting in your hand
How accounting records helps the business owners to plan effectively?
Record keeping is the means by which we measure and describe the result of economic activities. It is the language of business. It is the way business people set goals, measure result, evaluate their performance. Record keeping is not limited to the business world alone we live in era of accountability, where an individual must renders accounts for his income and must file income tax returns. Normally an individual must supply person to obtain credit etc. The primary purpose of record keeping is to provide decision makers with information in making economic decision. This is seen through the preparation of financial statement such as profit and loss accounts, balance sheet and cash flow statement in conformance with acceptable standards. Record keeping also seeks to identify all the cost components involved in manufacturing a product as well as determine the cost per unit of the product. It also concentrates on the general purpose of the finance reports, by showing the financial reports of the business. Mohammed A. Aziz student of Islamic University college,Ghana
What are disposition costs?
Disposition cost is a term used to define the expenses that a seller or a business spent in selling. Keeping track of the disposition cost greatly helps business owners and sellers to monitor their financial status.
What are the roles of an accountant?
The role of the accountant (private) is to record the financial activities of an enterprise and to cost the goods and services that a company provides. Public accountants audit the assertions that an enterprise makes on its financial statements and issues an opinion on the same.
What are some personal applications of spreadsheets?
A spreadsheet is like a large sheet consisting of several rows and columns this Wiki answers is done by peoples so dont believe it,it is not true please stop asking your questions over here because you will get all wrond information! Wiki answers secretory,Head
What are the different fields of accounting?
auditing acctg. budgetary acctg. management acctg. book keeping payroll financial acctg cost acct. tax acctg. gov. acctg.
Need for Reconciliation of Cost and Financial Records?
Need for reconciliation of cost and financial accounts
Money Software?
Keeping track of your finances is very important. Using the proper software to help you do so can make your life so much easier. The best part is that you can download financial software online for no cost. Having a place to keep all your expenses and other financial information in one place can make budgeting and keeping track of your money that much easier.
What is non-financial cost?
Non-Financial Cost Are The Cost That Doesn't Directly In companies cash Flow Or Income Statement Such As Cost Of Non-Efficient Employees
