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Limitations of Electronic Data Processing
What is reporting in accounting?
What is a reporting entity in accounting?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
Reduction of reporting costs of managerial accounting information
A. Reduction of reporting costs of managerial accounting information B. Reduction of emphasis on the value chain C. Creation of the middleman D. Increase in product costs Answer: A
Clive R. Emmanuel has written: 'Accounting for management control' -- subject(s): Managerial accounting 'Segment Reporting'
Accounting
Financial accounting refers to accounting refers to accounting for revenues, expenses, assets, and liabilities. It involves the basic accounting processes of recording, classifying, and summarizing transactions. - Cost accounting is the branch of accounting dealing with the recording, classification, allocation, and reporting of current and prospective costs. - Managerial accounting is the branch of accounting designed to provide information to various management levels in the hospitality operation for the purpose of enhancing controls.
Limitations of Electronic Data Processing
organizational planning, monitoring, and control for a variety of activities. Such systems allow all managerial levels to have access to prompt reporting and statistical analysis. The systems are used to gather information to consider alternative
Standards of consistency, quality, information sharing between Accountants, and transparency in reporting are the base objectives of public sectors accounting.
Account Owner's Information
What is reporting in accounting?
What is a reporting entity in accounting?
Accounting itself is a systematic recording of transactions that occur in a business. It's the process of summarizing and reporting those transactions in financial statements. Accounting in itself is start of an information system.