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What need would a not for profit organization have for an accounting professional?
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What type of professional accounting software would be suitable for a small business?
There are a few different professional accounting software products available to small businesses. A few of these would be NetSuite, GCE Accounting, and QuickBooks Pro.
What is the Difference entrepreneurial profit and accounting profit?
Accounting profit is simply the bottom line of a business income statement and is an absolute number, whereas an entrepreneurial profit uses the economic concept of opportunity cost. It is the profit that the entrepreneur would have earned if he or she had invested both time and money in some other enterprise.
What are the Importance of cost accounting to manufacturing?
How else would you know what costs really were and where they were incurred, and hence how to charge a price that produced a profit?
Can a vice president be a secretary and treasurer of a for-profit corporation?
It would all depend on the charter of the organization. It think not, in most cases.
What is the End product of financial accounting?
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.
Is economic profit always less than accounting profit?
No economic profit is not always less than accounting profit; However, if accounting profit is less than economic profit the business would exit the industry.
Would the American Red Cross be a profit or non profit organization?
The ARC is a non-profit organization.
What is meant by the phrase 'accounting profit'?
Profit that is made by superb accounting. By using the accounting trade, money is saved that would have been lost without it. However I am supposed to reach 150 characters.
Would coco-cola be a profit or non profit organization?
Profit. They generate a lot of income for themselves.
What type of professional accounting software would be suitable for a small business?
There are a few different professional accounting software products available to small businesses. A few of these would be NetSuite, GCE Accounting, and QuickBooks Pro.
What is the Difference entrepreneurial profit and accounting profit?
Accounting profit is simply the bottom line of a business income statement and is an absolute number, whereas an entrepreneurial profit uses the economic concept of opportunity cost. It is the profit that the entrepreneur would have earned if he or she had invested both time and money in some other enterprise.
Is coca cola a profit or nonprofit organization?
The Coca-Cola company would be a for-profit. non-profit organizations are really only for foundations.
Write not more than 3 lines explaining the different between the economic profit and accounting profit?
Accounting profits tend to be higher than economic profits as they omit certain implicit costs, such as opportunity costs.For example, if you invest $100,000 to start a business and earned $120,000 in profit, your accounting profit would be $20,000. Economic profit would add implicit costs, such as the opportunity cost of $50,000 should you have been employed instead during that period. As such, you would have an economic loss of $30,000 ($120,000 - $100,000 - $50,000).
What is the purpose of a non profit?
That would be an organization that doesn't profit. It will normally be a charity of some description, they use the term 'non-profit' organization to show that they aren't just keeping donated money for themselves.
Where would i go to file a complaint against a non profit organization?
== ==
A non-profit organization would include what in its domain name?
Typically a non-profit fits in the .org TLD
How would you describe an accounting statement?
Accounting statements provide financial details concerning the operation of a business or other form of organization.
