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Financial Accounting is concerned with preparation of Financial Statements that would serve the interests of Investors, Banks, Creditors, and general public at large. The aim of Financial Accounting is to facilitate Financial Decision Making based on Accurately Gathered Significant financial Information pertaining to the Performance of the Organization and also giving information about the Current position of the Organization's Assets and Liabilities.
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What is debunk the assersions which states that accounting is a product of Industrial Revolution?
What is debunk the assersions which states that accounting is a product of industrial revolution?"
Why Accounting is a means to an end and not an end in itself?
I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.
Cost accounting is not an end itself , it is a mean to an end?
Dd
What are the accounting lifecycle?
The accounting lifecycle is the analysis and examination of a product's economical and environmental impact through its lifetime. This lifecycle is also known as Life Cycle Cost Accounting.
What are the difference between cost accounting and financial accounting?
Prime role of cost accounting is to calculate the cost per unit of product produce while financial accounting deals with financial reporting of company's performance.
Is accounting staff salary a period cost or a product cost?
Accounting staff are considered executive costs which would be a period cost.
What is national income accounting as a methods of national income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
What is National Income Accounting as a method of National income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
What is the key product of accounting?
financial statements spreadsheets work sheet
Differentiate the Financial Accounting from Cost Accounting and Management Accounting?
to know the financial position(i.e. profit or loss) and cost accounting to know the cost price of product of business and management accounting is to take the decision based on financial and cost accounting to prepare bugdget, analysis etc
Why is cost accounting essential for management?
Cost accounting is used to calculate the per unit cost of product so if the management does not know the per unit product price they will not able to set the selling price of product and determine the profit per unit which they can earn and so many other important decision like these are dependent on cost accounting.
What is the gross domestic product of the Philippines for 2007?
RELATED ON NATIONAL INCOME ACCOUNTING
