0
Accounting is the practice of collecting, summarizing and presenting financial transaction and balance information in order to help end users make business decisions based on that information.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How much maths does accounting involve and at what level is a suitable start?
How much maths does accounting involve and is it possible to do a course or apprenticeship in accounting with a c grade in mathematics gcse
What ate the similarities between manual and computerized accounting systems?
They both do accounting and they both involve money
What is this forensic accounting?
Forensic accounting is basically a accounting to sort out any breach of laws and regulations or to settle disputes that would involve financial resources.
Curiosity about accounting training.?
Personal accounting will involve handling specific peoples money and accounts. Business accounting is the same for firms and you will be working with many other accountants.
What are the accounting articles on corporate governance in the world of financial links?
The accounting articles is one of those cases that is crucial and you are going to involve experienced assistance regarding
What does the concept of goodwill accounting involve?
The concept of goodwill accounting involves paying for an intangible service instead of tangible ones. An example of this is paying for a company's good reputation.
What are the accounting objevtives?
To Represent Truth & Fair Picture of the Organisation To make correct accounting for all the expenses & Revenues Do not make Fraudulent financials Do not involve in any circumstances which in future leads to Fraud
J. true or false In cash as contrasted with accrual accounting a company does not record amounts due from customers in its accounting records.?
True. Under the Cash Basis for Accounting only transactions that involve the movement of cash are recorded. In Accrual Accounting (GAAP) you would record transactions once an economic event has taken place (e.g., supplier invoice received = expense, customer invoice prepared = revenue).
What is the difference between fraud and earnings management?
Both involve the intent, by reporting management, to distort their company's earnings picture, but fraudulent accounting does so by violating generally accepted accounting standards (GAAP) while earnings management does so within GAAP.
What does the training involve in accounting?
book keeping, costing, budgeting, auditing, financial reporting and corporate/mercantile law application. Further detail in related link provided.
What is omnibus accounting?
An omnibus account is a stock account between more than one broker. The transactions involve combined individual accounts allowing for easier management.
When Adjusting entries are required?
Adjusting entries are required to implement the accrual accounting model. Because accruals involve recognition of expense or revenue before cash flow.
