Following are three decisons involved:
1 - Working capital management
2 - Capital Structure decsion
3 - Dividend policy
personal accounting nominal accounting real accounting
1. Predicting the effect of planning decisions on profit 2. Recording actual performance 3. Comparison of actual or budget performances 4. Management action as a consequence o the above
real accounting, nominal accounting,personal accounting
the installation and configuration of new equipment
1 - Cost accounting 2 - Financial accounting 3 - Management accounting
1. accounting is a service activity, it's function is to provide quantitative information, primarily financial in nature, about economic entities which are intended to be useful in making economic decisions. 2. accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. 3. accounting is the art of recording, summarizing and classifying in a significant manner and in terms of money, transactions and events, which are in part at least, of a financial character and interpretation of the results thereof.
Accounting (Definition) is a service activity. Its function is to provide quantitative information primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions, and in making reasoned choices among alternative courses of action. [2] It is also the discipline of measuring, communicating and interpreting financial activity. Accounting is also widely referred to as the "language of business".[3]
Activities Involved in Accounting are : 1) Identifying 2) Measuring 3) Recording 4) Classifying 5) Communicating 6) Summarizing 7) Analyzing 8) Interpreting 9) Reporting 10) Decision Making
Accountancy assists users of financial statements to make better financial decisions. It is important however to realize the limitations of accounting and financial reporting when forming those decisions. These include; 1. Different accounting policies and frameworks 2. Professional judgement 3. Limited predictive value 4. Fraud and error
personal accounting nominal accounting real accounting
1. Predicting the effect of planning decisions on profit 2. Recording actual performance 3. Comparison of actual or budget performances 4. Management action as a consequence o the above
real accounting, nominal accounting,personal accounting
the installation and configuration of new equipment
personal accounting nominal accounting real accounting
It is primary accounting function. It includes: 1. Writing vouchers for payments made, 2. Entering data into accounting package 3. Printing accounts 4. Keeping track of bank account etc.,
1 - Cost accounting 2 - Financial accounting 3 - Management accounting
1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting