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Q: What kind of assets do people typically set aside for long-term financial needs?
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Continue Learning about Accounting

What are the ethical issues of financial accounting?

People leak disclosed financial information about the businesses


Why do people purge or clean out their financial records instead of keeping every financial document they receive?

fook you


How would decreased tariffs affect the capital account?

A decrease in tariffs lowers the price of imports, so more people will buy imports than goods produced inside the country. This won't change the capital account balance, which is determined by adding domestic assets owned by foreign people, businesses, or governments (like investments, land, stocks, bonds), and subtracting foreign assets owned by domestic people, businesses, or governments. A decrease in tariffs won't directly affect the value of assets held abroad or of foreign assets inside the country.


Differences between Plant Assets and Current Assets?

Plant assets are things like buildings and machines that a company uses for a long time to make money. They're not meant to be turned into cash quickly. Current assets are things like cash, stuff people owe the company, and things the company plans to sell soon. They can be turned into cash in less than a year. So, plant assets are for the long run, while current assets are more short-term.


What is the purpose of financial accounting?

The purpose of financial accounting is to provide financial statements and financial reports to individuals who require them. This includes preparing a balance sheet, income statement, cash flow and notes. People that use this information usually have an interest in the company due to investment or ownership.

Related questions

What is the origin of melanoma?

It is cancer of the skin and it can come from longterm overexposure to the sun without sunscreen or people can get it from longterm use of tanning beds.


Can financial success mean different things to different people?

Absolutely. Different people have different standards of financial success. For example, some people may think having 1 million dollars is a success while other aspire to be a billionaire. Also, different people measure financial success differently. For instance, some people think that being debt-free is financial success. Other people think financial success can only be measured in terms of assets. Indeed, financial success means can very different things.


How does business impact urbanization?

It brings people into the city. It is typically the driving force of urbanization. It creates financial centers.


Why do people simultaneously hold financial assets and liabilities?

It is not simultaneously hold, it is created. When capital is introduced, it is a liability to the business, and the cash introduced in the form of Capital is an Asset. Similarly simultaneously both assets and liabilities are created pr affected in every transactions.


What experience do you have to have to be a financial administrator?

You will need a good education, have diplomas in bookkeeping and accounting and good common sense when it comes to finances, people skills and diplomacy are assets as well.


Does the strength is the quality of your people and your people are your most important assets?

The strength is the quality of your people and yes, your people are your most important assets.


What kind of specialists are Strutt and Parker?

Strutt and Parker is a company that offers professional land and property advice to allow companies and people to fully utilize their assets. Whether this is for financial gain or not.


What are the organizational resources?

Organizational resources are the assets, knowledge, people, and systems that an organization uses to achieve its goals. These resources can include financial resources, physical assets, human resources, technology, information, and organizational culture. Effective management of these resources is essential for an organization's success.


Patents trademarks and goodwill are are exaples of assets?

Yes. These are known as intangible assets and they are assets. An asset is anything that does or will provide a financial benefit. Goodwill is an asset because, if you have a great reputation, people are going to be more likely to buy your products. Trademarks are an asset because using trademarks is what allows a company to distinguish its products from other companies' products in such a way that people will buy your products instead of the other guys'. Patents are an asset because they allow you the exclusive right to produce a good in a way that is better (hopefully) than the way everybody else produces that good. They all do or will provide financial benefits.


What are some bad credit lenders?

A couple of bad credit lenders who typically loan to people denied by traditional banks are AmeriCash and Downs Financial.


Personal Financial Statement for Single People?

Get StartedThe Personal Financial Statement can be used to organize information about your assets and liabilities, and also to present information about your income and expenses. This statement can be useful if you are applying for credit and can either be used to present information to your lender or as an attachment to your credit application itself. Sometimes a financial statement is needed in working with a financial planner. You might also use it when preparing college financial aid documents for a child.


What are the internal resources of a business?

internal resource are tangible assets , intangible assets and organizational capabilites. tangible assets are most easily identified assets often found on a firm's balancesheet. they include production facilities, raw materials, financial resources, real estate and computers. intangible assets are firm's assets that you can not touch or see but that are very often critical in creating competitive advantages :brand names, company reputation, organizational moral, technical knowledge, patent and trade mark. organisational capability are skills( the ability and ways of combining assets, people and process) that a company usesvto transform inputs into outputs.