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The main objective of financial analysis is to know company/industries financial status, its debt, revenue, expenditure, equity, share price, segmental revenue/expenditures etc.
With Financial analysis we can know the present company/ industry/ sector status and we can expect its future.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoThe purpose of accounting can be summarized in the following manner: 1. Ascertain the results of operations during a period 2. Ascertian the financial position. 3. Maintaining a control over assets 4. Planning in respect of cash 5. Providing information to tax authorities and other government agencies.
Wiki User
∙ 13y agoThe purpose of accounting can be summarized in the following manner:
1. Ascertain the results of operations during a period
2. Ascertain the financial position.
3. Maintaining a control over assets
4. Planning in respect of cash
5. Providing information to tax authorities and other government agencies.
6. To properly match income with expenses.
7. To provide a reliable set of data with which to prepare financial reports for analysis purposes (for owners, lenders, investors, etc).
8. To provide a reliable set of data with which to report income for tax purposes.
Wiki User
∙ 11y ago1. remove variations
2. bring standarization in presentation
3. harmonize the diverse accounting polices
faciliate inter-firm & intra-firm comparision
5. increase realibility of financial statements.
Wiki User
∙ 9y ago1.Assessment Of Past Performance
2.Assessment of current position
3.Prediction of profitability and growth prospects
4.Prediction of bankruptcy and failure
5. Assessment of the operational efficiency
Wiki User
∙ 9y agoFinancial objectives are goals related to a set money amount that is based on the company's plan for that year or quarter. They can be broken down into small items or be more general.
Wiki User
∙ 9y agoAccounting systems help managers watch their costs. They also help managers classify costs, which can help improve business performance.
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What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
What has the author Fred Phillips written?
Fred Phillips has written: 'Fundamentals of financial accounting' -- subject(s): Accounting 'Fundamentals of financial accounting' -- subject(s): Accounting 'Fundamentals of financial accounting' -- subject(s): Accounting
What has the author Gary A Porter written?
Gary A. Porter has written: 'Using financial accounting information' -- subject(s): Accounting 'Using financial accounting information' -- subject(s): Accounting 'Financial accounting' -- subject(s): Accounting
What body has defined the purpose of financial accounting and reporting?
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
What has the author David Alexander written?
David Alexander has written: 'Financial accounting' -- subject(s): International business enterprises, Accounting, Finance, Financial statements 'Financial accounting' -- subject(s): International business enterprises, Accounting, Finance, Financial statements
What has the author John J Wild written?
John J. Wild has written: 'Working Papers for use with Financial Accounting' 'Financial and managerial accounting' -- subject(s): Accounting, Managerial accounting 'Managerial accounting' -- subject(s): Managerial accounting 'REVISED FAP Vol 1 18e MP Softcover w/Working Papers' 'College accounting' -- subject(s): Accounting 'Carol Yacht's General Ledger and Peachtree Complete 2007 to accompany Financial Accounting 4e' 'International business: An integrated approach' 'McGraw-Hill's Homework Manager User's Guide and Access Code to accompany Financial Accounting' 'Excel Working Papers to accompany Financial Accounting' 'Financial and Managerial Accounting' -- subject(s): Accounting, Managerial accounting 'McGraw-Hill's Homework Manager Access Card to accompany Managerial Accounting' 'Financial accounting fundamentals' -- subject(s): Accounting 'Study Guide to accompany Financial Accounting'
What has the author Clyde P Stickney written?
Clyde P. Stickney has written: 'Financial Statement Analysis' -- subject(s): Accounting, Financial statements 'Financial accounting' -- subject(s): Accounting, Contabilidade gerencial, Contabilidade, Accountancy
Features and objectives of responsibility accounting?
The feature and objective of responsible accounting is to improve the financial planning of individuals and businesses. Planning by accountants is based on reports conducted.
What has the author Mike Harvey written?
Mike Harvey has written: 'Strategic management accountancy and marketing' 'Financial accounting theory' -- subject(s): Accounting 'Office administration and management' -- subject(s): Office management 'Strategic Management Accounting' 'Financial accounting theory and standards' -- subject(s): Accounting
What has the author John Leslie Livingstone written?
John Leslie Livingstone has written: 'Financial accounting' -- subject(s): Accounting 'Modern accounting systems' -- subject(s): Accounting
What has the author L Todd Johnson written?
L. Todd Johnson has written: 'Recognition in Financial Statements' -- subject(s): Financial statements, Realization (Accounting) 'Reporting financial performance' -- subject(s): Financial statements, Accounting, Standards
Objectives of Human Resource Accounting?
==Answer==Main objective s of human resource accounting are:Improve management by analyzing investment in human resource.To consider human resource as an asset.Attract and retain qualified people.Profile the organization in financial terms
