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Which financial stakeholder analyzes financial information of an organization for indications of financial strength or weakness?
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What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
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.
How does accounting information help an organization?
It assist the organisation to mak decision on their financial statement.
What are the roles of Management in Accounting?
The role of management levels in accounting is to get full information about the financial position in the organization to get the decision
What is the nature and scope of financial accounting?
Financial accounting helps people and businesses manager their money. With better information about financials, managers can make better decisions about the direction of the organization.
What other stakeholders might require financial information and why?
A stakeholder will require financial information to get an understanding of the performance of the organization. This record shows the assets owned, amounts owed, amounts invested in the organization and profitability to better manage the operations.
Which stakeholder require financial report and why?
All stakeholders require a financial report. These reports are required for the financial information to get an understanding of accounts payable and accounts receivable to obtain a better understanding of the performance of the organization.
Differences between financial and non-financial information?
Financial information is concerned with making money and managing money for the organization. Non-financial information is information about customers, suppliers, etc.
Impact of information system on organization?
An impact of information system on an organization is that it improves the efficiency of the organization. It saves the organization a lot of time.
What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
Financial and management accounting?
The Financial accounting is mainly for the people outside a given organization such as the shareholders. The management accounting provides information to the people within a given organization.
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.
How does accounting information help an organization?
It assist the organisation to mak decision on their financial statement.
What is the end product of 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.
What is financial function in business organization?
financial functions of a business organization
Definition of ethics of accounting information?
Ethics of accounting information is providing accounting information to make good economic decisions in the financial statement of the organization.
What is the difference between the Financial Planners Standards council and the financial standards council?
The Financial Planners Standards Council (FPSC) is an organization that grants accreditation to financial planners. The Financial Standards Council (FSC) is an organization that provides consumers with information about a variety of financial services. It operates more like a Better Business Bureau and it is not confined to just financial planners. A person can get information on all kinds of different financial services. The websites for the two are: Financial Planners Standards Council www.FPSCCanada.org Financial Standards Council www.FinancialStandardsCouncil.com
