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The purpose of the financial statements is to provide a factual information and fair view information regarding the state of the financial condition and operating results of the business and should display cleary the financial information for the intented parties not to be misled with their judgments and decisions.
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What is the nature and purpose of accounting?
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions for decision-making. Its purpose is to provide accurate and timely financial information to internal and external users to help in making informed business decisions and assessing the financial health and performance of an organization.
The purpose of Statements of Financial Accounting Concepts is to?
The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.
What is the purpose of accounting?
The purpose of accounting is to provide important financial information in order to make fast and precise decisions.
What is the purpose of a financial accounting standards board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What are the purpose of management accountong?
The purpose of management or managerial accounting is to obtain financial information to help make business decisions. Another type of accounting is financial accounting.
What is the purpose of the Financial Accounting Standards Board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What is the purpose of the IASB?
The International Accounting Standards Board (IASB) was founded in 2001. The purpose of this 15 member organization is to set United States accounting standards.
What is the purpose of public sector accounting?
The purpose of a public sector is to give service to the customers
What is the primary purpse of accouting?
what is the primary purpose of accounting
Managerial accounting reports can be described as?
general purpose
What is GNP and His purpose and limitations?
expenditure in GNP accounting
What is scrap in cost accounting?
The main purpose of cost accounting is to provide mangement with financial information necessary
