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journal entries recorded to update general ledger accounts at the end of a fiscal period. it is made to prevent or correct errors that may happen in the system. To see how to make an adjusting entry, visit: http://www.accounting7.com/content/exercise-adjusting-account-entries-accounting
to be General
Financial Accounting Standards Board
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.
legistative
journal entries recorded to update general ledger accounts at the end of a fiscal period. it is made to prevent or correct errors that may happen in the system. To see how to make an adjusting entry, visit: http://www.accounting7.com/content/exercise-adjusting-account-entries-accounting
to be General
US General Accounting Office Building was created in 1951.
This is the formal sequence of steps in the accounting cycle:journalisation i.e. recording transactions into the general journalposting these transactions to the general ledgers.summarise these transactions into the trial balancepass adjusting entries (bad debts, accruals and prepayments and depreciation)prepare adjusted trial balancemake income statement (statement of comprehensive income)write balance sheet (statement of financial position)
Financial Accounting Standards Board
The General Accounting Office (GAO) assists Congress in its oversight function by __________.
1 - General journal entry2 - Adjusting journal entry3 - Month end adjusting entry
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.
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.
They are set of accepted accounting standards and general rules.
Cost accountant is part of Management Accounting. General Accountants are are mostly relevant to Financial Accounting
General Accounting Office(GAO)