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What financial report that presents a detailed picture of the financial condition of a business on a specific date is called a?
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Is financial accounting cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.
Differentiate between cost accounting and financial accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management.the question am asking have not been answered .because financial accounting and cost accounting is not the same nor even having the same answer .
What is meant by the phrase generally accepted accounting principles?
GAAP help to ensure that financial information fairly presents a firm's operating results and financial position.GAAP is important for uniformity reasons. Any where in the world as long as the two companies are operating in the same industry you can easy compare them simple because of GAAP.
What are the consolidated financial statements?
Companies issue four basic financial statements:Balance SheetIncome StatementStatement of Cash FlowsStatement of Stockholders' EquityCompanies also must present a Statement of Comprehensive Income. Most companies include this in the Statement of Stockholders' Equity."Consolidated" financial statements include more than one affiliated company. For example, if Company A owns all of Company B, then the two companies together will present consolidated financial statements, presented as if both companies were really one company. Each line item is presented for all companies. For example, Cash presents total cash for all affiliated companies. Sales presents sales for all affiliated companies, added together.
Financial accounting vs cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
What does an audit achieve?
Audit is a practice to find out that does financial statements of business are prepared according to standards and policies and whether it presents the true and fair business activities or not.
What does a cash flow financial statement show about a company?
The cash flow statement basically just shows how a company or business is doing money-wise. It adds up all liabilities, assets and shareholders' equity and presents it on a spreadsheet providing detailed information about where the company is spending their money and how much profit they are making.
While paraphrasing is similar to summarizin it presents a more?
detailed restatement
What are the Benefits of a financial statement audit?
So that the company will know how much it has made and how much it has in loss and to improve.
The currency in which a company presents its financial statements is known as the?
Reporting Currency
What are financial forecasts and financial projections?
Financial forecasts and financial projections are estimated future financial statements of the company that presents its expected financial position. Financial forecasts assume that the company will continue to function in the same manner as it is currently functioning and in financial projections there are few hypothetical assumptions about a company's future course of action.
Is financial accounting cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management accountants are involved with the budgeting and costing sides of things and present information only for the sole users of the business, so only internal uses like management, shareholders etc.
What does issuing institution mean?
There are several meanings for issuing institution. When referring to education, and issuing institution is the institution that presents you with your diploma or certification. When talking about financial matters, this means the company that presents you with a loan, grant, or other sources of funds.
What does the word spastiki mean in greek?
In medical terms is someone or something (a condition) that presents with spasms. In slang is an annoying person.
When should a business not be sold 'by owner'?
It is up to the owner if his or her business should be sold by him or her. If selling the business presents a challenge for any reason, one should hand the job over to a business real estate agent even if the agent gets a cut of the sale amount of the business.
What services are offered by the Investor Hub website?
The Investor Hub website presents information about the Investor Hub financial services company. It essentially is a financial forum. Marketing services are provided for private companies as well as for publicly traded companies.
Why do you feel the spirits so strong?
coz they havnt crossed over yet and you can still presents as they have unfinshed business on earth
