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Q: What two qualities must financial reporting posses?
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Is it true The Modified Accelerated Cost Recovery System must be used for both financial and tax reporting?

False


What is the difference between reporting and non reporting entities?

A "non-reporting" entity refers to companies whose stock is publicly traded but which is exempt from reporting to the Securities & Exchange Commission. Usually these companies report publicly by posting financial information on the OTC Markets website voluntarily. These postings, however, are not subject to audit requirements or more generally to SEC reporting requirements. A "reporting" entity refers to companies whose stock is publicly traded and must file financial and other information with the Securities & Exchange Commission.


The major reporting standard for management accounts?

The major reporting standard for management accounts the Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management. The standards outline the ethical standards that accounting practitioners must adhere to.


What are the qualifications for an accounting clerk job?

On this job one must be able to supports accounting operation, running softwares programs, etc. But one must be qualificated in organization, financial software, attention to detail, typing, productivity, dependabilit and reporting skills.


What are the qualities of good salesman?

# Physical qualities: A good salesman should be good looking and must have an alluring posture. He must be convincing by voice, thus requiring a caring and loving voice. He shouldn't show a negative expression under any circumstance. # Mental/Psychological qualities: A good salesman must have a marvelous personality. He should be sweet natured and must be patient. He should know to deal with people of different age groups, classes and gender. In no condition should he lose his temper at it may spoil the image of the company for which he is working. # Technical qualities: A good salesman should posses all the technical qualities, i.e., he should have knowledge about the product he is selling in full. He should know as to how it works, its usefulness and other specifications. # Knowledge about the firm: He should have complete knowledge about the firm he is working for. He should know about the people behind the success of the firm and the history of the same. He should not pursue his work with partial knowledge. 5. Communication skills: A good salesman requires fantabulous communication skills. He should know diversified languages and must be confident and nit stammer while speaking.

Related questions

What are 4 qualities a scientist must posses for scientific inquiry?

Reasoning Creativity Skeptical Openness


What qualities you posses to be a bank PO?

Probationary officer must posses certain qualities like : He/She should be patient enough to deal with the situations. He/She should be friendly to all the subordinates. should posses a good communication skill. And the most important He/She should have management and leadership skills...


Is it true The Modified Accelerated Cost Recovery System must be used for both financial and tax reporting?

False


Definition of industrial practice?

Industrial practice, or industry practice, refers to government regulated industries that must follow requirements for financial reporting. It refers to the accounting constraints for the preparation of financial reports.


What is the difference between reporting and non reporting entities?

A "non-reporting" entity refers to companies whose stock is publicly traded but which is exempt from reporting to the Securities & Exchange Commission. Usually these companies report publicly by posting financial information on the OTC Markets website voluntarily. These postings, however, are not subject to audit requirements or more generally to SEC reporting requirements. A "reporting" entity refers to companies whose stock is publicly traded and must file financial and other information with the Securities & Exchange Commission.


The major reporting standard for management accounts?

The major reporting standard for management accounts the Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management. The standards outline the ethical standards that accounting practitioners must adhere to.


What are the Qualities of financial statements?

there are many four qualitative factors that can be used in evaluating financiial statements. information in the financial statements must have the qualities of relevance, reliability, understandability and comparability. other factors may include materiability and faithful representation hope this answers your question


What are contained in the reports required by Section 404 of the Sarbanes-Oxley Act?

"The Company must report on internal controls over its financial reporting. Four key elements must be included in this report:Statement of Responsibility by Company Management (the CEO and CFO) for establishing and maintaining an adequate internal control structure and procedures for financial reporting.Statement identifying the framework used by management to evaluate the effectiveness of the Company's internal control over financial reportingManagement's Assessment of the effectiveness of Internal Controls over financial reportingAttestation by the company's external auditor on Management's assessment of the effectiveness of the company's internal controls and procedures for financial reporting."


What hypothesis must be what?

An educated guess formed by the knowledge that you currently posses.


What attitude and values must a scientist posses?

Precision, objectivity and patience


What is statutory report?

Regulatory requirements that mandate reporting of financial and non-financial information to varied government agencies is called statutory reporting. IAS, IFRS, Basel II, and Sarbanes-Oxley are just some of the better-known examples of the regulatory compliance's. Each industry has its own additional set of statutory reporting laws and regulations. Bankers and insurance companies have numerous fiscal filing requirements in each state in which they do business. Publicly held companies have additional sets of SEC reporting requirements that must be met.


What desirable ethics must you posses to become a successful cosmetology?

desirable ethics must possess to become a succesful.cosmetologist