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A financial reporting system is a system that is connected to departments and allow managers to input numbers so that the finance department will have up to date information. These systems have alerts that let executive managers know when something is wrong in production.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoinyour own word what is an finanical information system
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What is fraudulent financial reporting?
Confidence in the operation of capital markets is compromised when the system of public disclosure is eroded by reported instances of fraudulent reporting.
How does GAAP affect financial reporting?
How does GAAP affect financial reporting?
What is a system of gathering financial information about a business and reporting this information to users called?
Accounting
What are the solutions for financial accounting and reporting?
The solutions for financial accounting and reporting are maintained by a well developed system. Many are available on the market and integrate the actual data accounting with automated report generation.
When was Financial Reporting Council created?
Financial Reporting Council was created in 1990.
Do financial reporting and financial statement mean the same thing?
"Do the term financial reporting and financial statement mean the same thing?"
What determines fair financial reporting?
But in the end, fair financial reporting depends on the integrity of the company's financial team.
When was Financial Reporting Council of Nigeria created?
Financial Reporting Council of Nigeria was created in 1982.
Define financial system?
Financial system is the processes and procedures used by a firm's management to exercise financial control and accountability. These measures include ecording, verification and timely reporting of transactions that affect revenues, expenditures, assets and liabilities.
Why may regulation of financial reporting be important?
The regulation of financial reporting is important in order to make sure that said financial reporting is accurate and transparent. This, in turn, is important to prevent fraud and malfeasance.
Is it true The Modified Accelerated Cost Recovery System must be used for both financial and tax reporting?
False
What does it mean information reporting?
Information reporting refers to the process of reporting financial or non-financial information to regulatory authorities, tax agencies, or other relevant parties. This helps ensure transparency, compliance with regulations, and accuracy in reporting financial transactions.
