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What are three major financial statements used by decision makers outside the firm?
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∙ 9y ago
Income statement
Trend analysis and Growth Rate
Financial Rate
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∙ 9y ago
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Importance of financial statements for creditors?
Importance of Financial statements are declarations of information in financial terms about an enterprise that are believed to be fair and accurate. They describe certain attributes of the enterprise that are important for decision makers, particularly investors (owners) and creditors.
What is the difference between financial accounting and cost and management accounting?
Financial accounting is the preparation of financial statements for decision makers. Cost accounting is collecting, analyzing, summarizing, and evaluating courses of action. Management accounting is simply used to better a company by reviewing the accounting information.
What is the primary purpose of financial accounting?
Accounting is a system of maintaining records of a companies operations and communicating that information to decision makers.
When was Decision Makers TV created?
Decision Makers TV was created in 2006.
What are the release dates for Decision Makers - 2005?
Decision Makers - 2005 was released on: USA: 26 August 2005
Which of the four types of decision makers in the US economy plays the largest role?
Households play the largest role as economic decision makers.
Who are the user of accounting data?
Accounting is an information system which identifies records and communicates this information to the interest users in the form of financial statements. These financial statements are transferred to the users or decision makers for making informed accounting decision because an effective and well organized financial report encourage the decision makers to make greater decisions.These financial reports are transferred to the users in two forms-Internal Users -users of Accounting data1. Owners.-The owners provide funds for the operations of a business and they want to know whether their funds are being properly used or not. They need accounting information to know the profitability and the financial position of the concern in which they have invested their funds. The financial statements prepared form time to time from accounting records depicts them the profitability and the financial position.2. Management- Management is the art of getting work done through others, the management should ensure that the subordinates are doing work properly, Accounting information is an aid this respect because it helps a manager in appraising the performance of the subordinates.3. Employees- Employees are interested in the financial position of a concern they serve particularly when payment of bonus depends upon the size of the profits earned. They seek accounting information to know that the bonus being paid to them is correct.
Who are the economic decision makers in Canada?
the govermant
What are the information needs of decision makers?
all of it
What are the release dates for Decision Makers - 2005 Reflecting on Our Thoughts?
Decision Makers - 2005 Reflecting on Our Thoughts was released on: USA: 13 March 2011
What are the release dates for Decision Makers - 2005 Get the Party Started?
Decision Makers - 2005 Get the Party Started was released on: USA: 10 January 2010
Who are the decision makers in Conoco's case study?
shareholders
