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Which typeof business organization in the US has the greatest financial assets?
Wiki User
∙ 11y ago
banking
Wiki User
∙ 11y ago
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What are non financial assets?
non financial assets characteristics
What is abnormal loss in cost accounting?
Abnormal loss is an unexpected loss in financial assets in business activities.
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.
What are the Nature of Balance Sheet?
The nature of a balance sheet is to list every financial business and resource obligation that a business has. They detail many aspects like liabilities, equity, and assets.
HOW does a balance sheet tally?
Balance sheet tallies all of the assets, liabilities and capital accounts of a financial entity - could be a business enterprise or your own personal financial status. The balance sheet is formally known as the statement of financial position. It is a snapshot of the financial position of an economic entity on any given day. On a balance sheet the total of all assets are equal to the sum of all liabilities and capital. The accounting equation is Assets = Liabilities + Capital. It is a restatement of the algebraic equation Assets minus Liabilities equals Capital.
Why is it important to separate operating assets from financial assets?
Operating assets contribute to the day to day functions of the business. While financial assets add value to the business, they do not account for profitability of the business. Financial analysis models only use the operating assets to determine future profitability.
What is the purpose of Sarbanes-Oxley Act of 2002?
To protect investors from fraud and false financial reporting.
What is a financial statement that includes assets and liabilities?
A Balance Sheet, also sometimes referred to as a Statement of Financial Position.
Is it best to have a business as an un-incorporated or incorporated?
Incorporated. An un-incorporated business leaves the owner(s) individually liable (including their personal assets) to financial exposure and liability. An incorporated enterprise limits the financial exposure to only those assets allocated to the business, and protects the owners personal assets.
If you are about to make an on-site service call to a large financial organization is it appropriate to show up in shorts and a t-shirt?
Generally, large financial corporations are conservative institutions involved in the business of managing the assets of their clients and as such are obliged to project that image in everything that they do including their dress code. Therefore, being in business with such an institution or serving such an organization with IT support presupposes that you are part of the team trying to project an enabling environment condusive for the viability of the financial culture of the financial organization. As a result, it is reassuring if you look professional in appearance and in the competency of your tasks. S. W. Siefa
What are non financial assets?
non financial assets characteristics
Lease obligations real or financial assets?
They are financial assets because they are non-physical assets
What is abnormal loss in cost accounting?
Abnormal loss is an unexpected loss in financial assets in business activities.
What is a confidential financial statement listing the assets liabilities and net worth of a business is called?
A Balance Sheet
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.
What does Ameriprise financial do?
Ameriprise financial is a company that offers financial service and advising to clients. They will monitor your liquid assets along with income and advice you how to make the most out of your money or business.
Whats a reason for obtaining a financial statement when a business is acquired?
Financial statements are acquired to find out that how much assets and liabilities a business has and how much net amount need to be paid as well as to find out the profitability and liquidity of business and health of overall business as well.
