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Q: What are the two main financial reports generated at the end of a period and describe their content?
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Three most important reports generated by the accounts payable department?

Three most important reports generated by the accounts payable department?


What are financial reports that summarize the financial condition and operations of a business?

Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.


What are the distinguishing features of managerial accounting?

How would you describe the difference between financial and managerial accounting? First, the primary users of reports in financial accounting is external users: stockholders, creditors, and regulators. The primary users of managerial accounting is internal users: officers and managers. Second, the types and frequency of reports for financial accounting uses financial statements and they are quarterly and annually. Managerial accounting uses internal reports and as frequently as needed. Third, the purpose of reports for financial accounting is general-purpose and managerial accounting is special-purpose for specific decisions. Fourth, content of reports for financial accounting is limited to double-entry accounting and cost data, highly aggregated (condensed), pertains to business as a whole, and generally accepted accounting principles. Managerial accounting is extended beyond double-entry accounting to any relevant data, very detailed, pertains to subunits of the business, and standard is relevance to decisions. Last, financial accounting verification process is audit by CPA and managerial accounting verification process is no independent audits.


Who uses summary reports of the financial activities of a business?

Accountants and financial directors


What financial statement reports an organization's financial position at a point in time?

Balance Sheet

Related questions

What is mean by MIS report generation?

The meaning of MIS report generation is Management Information System reports generated. This can include financial reports, inventory reports, or performance reports that are computer generated for review.


What type of content do accounting information systems produce?

The output content may encompass almost any type of financial report, from budgets and tax reports to multinational financial statements and sustainability reports.


What is the difference between general purpose financial reports and special purpose financial reports?

General purpose financial reports are a common set of reports issued by most companies. Special purpose financial reports are specific reports related to individual events.


Three most important reports generated by the accounts payable department?

Three most important reports generated by the accounts payable department?


What is the Financial reports of San Miguel corporation?

What is the Financial reports of San Miguel corporation?


Which companies release financial reports?

All companies listed on the stock exchange are required to release annual financial reports to the public. All major companies such as Microsoft, Sony and Apple release financial reports.


What reports are generated in ATTRS?

Army Class Schedule Report


What is one of the reports that is generated in atrrs is the?

class testing results


What are financial reports that summarize the financial condition and operations of a business?

Financial statements are financial reports which summarize the financial condition and operations of a business. Included in a financial statement are a balance sheet, income statement, and also a cash flow statement.


What are the distinguishing features of managerial accounting?

How would you describe the difference between financial and managerial accounting? First, the primary users of reports in financial accounting is external users: stockholders, creditors, and regulators. The primary users of managerial accounting is internal users: officers and managers. Second, the types and frequency of reports for financial accounting uses financial statements and they are quarterly and annually. Managerial accounting uses internal reports and as frequently as needed. Third, the purpose of reports for financial accounting is general-purpose and managerial accounting is special-purpose for specific decisions. Fourth, content of reports for financial accounting is limited to double-entry accounting and cost data, highly aggregated (condensed), pertains to business as a whole, and generally accepted accounting principles. Managerial accounting is extended beyond double-entry accounting to any relevant data, very detailed, pertains to subunits of the business, and standard is relevance to decisions. Last, financial accounting verification process is audit by CPA and managerial accounting verification process is no independent audits.


An access report can be generated from?

Reports in Access can be generated directly from database tables or through queries that have got their data from tables.


Which of the following reports is generated in ATTRS?

Army class schedule report