the internal and external users are the persons who uses the financial information , either they are directly related to the company or indirectly to their use, they are basically shareholders, debentureholders,creditors, employees and the government, financial institutions and other organisation to evaluate the status of the company.
Business acumen involves the ability to manage human, financial, and information resources in an organization, strategically.
Business-IT alignment refers to the ability of a business to show a positive relationship between the measures of financial performance deemed acceptable and the use of information technology.
Financial strength
Interpretation is purely a synonym for understand and it is the ability to be able to comment on the financials and make future business decisions from that information.
Attention to detail is the most important skill or ability for employees in the business or financial operations occupational cluster.
Attention to detail is the most important skill or ability for employees in the business or financial operations occupational cluster.
Statement of financial position (Balance sheet)
Statement of financial position (Balance sheet)
Financial statements are important to investors because they can provide enormous information about a company's revenue, expenses, profitability, debt load, and the ability to meet its short-term and long-term financial obligations. There are three major financial statements.
A. He'll have limited financial risk. B. He'll have the ability to sell stock in your business. C. He'll enjoy ownership flexibility. D. He'll enjoy long-term continuity. C answer is on pg 167
A spreadsheet has a wide variety of uses for business. The ability to do forecasting is certainly one of the most powerful things it can do. It can do it in many different ways as there are a range of financial functions in a spreadsheet and there are lots of general functions that can also be used for business forecasting.
The balance sheet is a snapshot of your business financials. It includes assets, and liabilities and net worth. The "bottom line" of a balance sheet must always include (assets = liabilities + net worth). The individual elements of a balance sheet change from day to day and reflect the activities of a business. Analyzing how the balance sheet changes over time will reveal important financial information about a business. It can help you can monitor your ability to collect revenues, manage your inventory, and assess your ability to satisfy creditors and stockholders.