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Q: What GFEBS business process area reports the financial status of the Army?
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Continue Learning about Accounting

What is the importance of the entity concept in accounting?

The importance of the entity concept in accounting is that you are able to determine the financial status of a business. The entity concept demands that the business and the owners should be treated as separate entities.


What is MIS report in accounts?

MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations. Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business. These reports also help to answer 'what-if' questions like what would be the effect on cash flows of a company if the credit term is changed for its customers etc. MIS reports also support decision making and it helps to integrate the decision maker and the quantitative model being used. These automated systems allow managers to make decisions for smooth & successful operation of businesses. The systems includes computer resources, people, and procedures used in the modern business enterprise.


What is accounting MIS?

MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations. Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business. These reports also help to answer 'what-if' questions like what would be the effect on cash flows of a company if the credit term is changed for its customers etc. MIS reports also support decision making and it helps to integrate the decision maker and the quantitative model being used. These automated systems allow managers to make decisions for smooth & successful operation of businesses. The systems includes computer resources, people, and procedures used in the modern business enterprise.


How do I find the status of my business' tax return?

You should be able to check with your CPA to find out the status, but if not you can check with the IRS to find the status of your business tax return. You can visit www.irs.gov


Importance of accounting standards?

Financial statements are prepared to summarize all business activities by an enterprise during an accounting period in monetary terms & report financial outcomes in terms of performance, status of assets, liabilities & flow of cash. These business activities vary from one enterprise to other on one hand and size & volume of business on the other hand. To compare the financial statements of various reporting enterprises poses some difficulties because of the divergence in the methods and principles adopted by these enterprises in preparing their financial statements. In order to make these methods and principles uniform, comparable, transparent, establish accountability and bring true & fair view of Financial Statement - Accounting Standards are evolved.

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The financial business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury?

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What business process area reports the financial status of the Army to the Department of Defense and the US Treasury?

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The business process area reports the financial status of the Army to the Department of Defense and the US Treasury?

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What business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury.?

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The business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury?

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The business process area reports the financial status of the Army to the Department of Defense DoD and the US Treasury?

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Business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury?

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The business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury.?

spending chain


Business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury.?

spending chain


What business process area reports the financial status of the army to the Department of Defense DOD and the US treasury?

spending chain


What business process area reports the financial status of the Army to the Department of Defense (DoD) and the US Treasury?

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What 2 ways is accounting data used to make business decision?

accounting data is used to determind a company's financial status, and also to execute systematic reports of financial transactions