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Accountants and financial directors

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Q: Who uses summary reports of the financial activities of a business?
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Discuss the role of accounting in modern business.?

Accounting is the process of recording and summarizing financial transactions. It also includes the preparation of balance sheets, income statements, and other reports that are used to maintain accountability in a business organization. Accounting provides an accurate summary of all aspects of a company's finances so that managers can make informed decisions about how much money they need to borrow or spend in order to keep their business running smoothly. Accountants help businesses by providing information on what has been spent and earned, as well as any. Get Link: Norwayoffice.biz


What is the difference between balance sheet and financial statement if there is any........?

Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..


3 Which statement provides a financial summary of the firms operating results during a specified period?

Income Statement


What is the Summary of lean production in managerial accounting?

lean production is a business process to reduce the cost only. lean production is a business process to reduce the cost only.


What is cash flow stetment?

The statement of cash flows is the summary of the major cash receipts and and cash payments for a period such as a month or year. The statement of cash flows reports a firm's major cash inflows and outflows for a period. It provides useful information about a firm's ability to generate cash from operations, maintain and expand its operating capacity, meet its financial obligations, and pay dividends.

Related questions

Where is it possible to view an executive summary?

An executive summary is a business document containing mission statements, company information and financial information. They can be found in the annual company reports of businesses and some companies make them available on their websites.


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Live with Complete Financial Corporation at 940am?

KWHY-TV 22 Business News Executive Summary - 1964 Live with Complete Financial Corporation at 940am was released on: USA: 24 June 1996


What different kind of book reports are there?

Some different types of book reports include summary reports, analysis reports, thematic reports, and comparative reports. Summary reports provide a brief overview of the book's main points, while analysis reports delve into deeper insights and interpretations. Thematic reports focus on specific themes or motifs within the book, and comparative reports compare and contrast two or more books.


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 5 19 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 8 17 99 was released on: USA: 17 August 1999


Which internal reports organize and categorize data for managerial perusal Internal reports Summary internal reports Exception reports Detailed internal reports?

internal reports


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 9 22 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 9 22 99 was released on: USA: 22 September 1999


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 5 25 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 5 25 99 was released on: USA: 25 May 1999


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 9 14 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 9 14 99 was released on: USA: 14 September 1999


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 5 11 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 5 11 99 was released on: USA: 11 May 1999


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Live with Complete Financial Corporation at 940am 7 15 96?

KWHY-TV 22 Business News Executive Summary - 1964 Live with Complete Financial Corporation at 940am 7 15 96 was released on: USA: 15 July 1996


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 9 28 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 9 28 99 was released on: USA: 28 September 1999


What are the release dates for KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 7 6 99?

KWHY-TV 22 Business News Executive Summary - 1964 Ron Liden Liden Financial Group 7 6 99 was released on: USA: 6 July 1999