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Q: Why customers need to use financial reports?
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What is the purpose of financial accounting?

The purpose of financial accounting is to provide financial statements and financial reports to individuals who require them. This includes preparing a balance sheet, income statement, cash flow and notes. People that use this information usually have an interest in the company due to investment or ownership.


How can you use Crystal Reports in PHP?

In order to use Crystal Reports with PHP you need to be running PHP on a Windows server because Crystal Reports is a windows application. Most places will not let this be installed on a shared server but if you have a dedicated server or vps, at a place like hostmysite.com, you will be able to install the crystal reports software. Here is the syntax you will use to create report with Crystal Reports on a windows server: $cr=new com("Crystal.CRPE.Application") or die("cannot load cr com"); $rn="F:\notes5\test.rpt"; $rap=$cr->OpenReport($rn);


Which income tax reports do you need for fafsa if you want to start college fall of 2008?

You need your parents most recent tax reports which would be from 2007. If they have not completed them by the time you are filling out your FAFSA form, you have to use the report from the year before, but you must update your information when your parents file.


Why GAAP precludes use of variable costing for external financial reports?

GAAP does NOT preclude use of variable costing for external financial reports. The only place the literature addresses this question is in ARB (Accounting Research Bulletin #4) which states that the exclusion of all overhead from inventory is unacceptable. Variable costing does not attempt to exclude overhead associated with the production of product, i.e. variable overhead. But it does exclude the cost of providing productive capacity. It is odd that in its discussion of the current standard for segment reporting that the FASB said that external users of financial information should received data prepared on a basis consistent with that used by management for decision making. Since it is widely accepted that variable costing is useful to management, can this statement by the FASB be consider an endorsement of variable costing in the financial statements of companies which use it internally?


How do you Draw a use case model diagram for cash with drawl from ATM?

ATM is banking subsystem (Subject) that provides bank customers with access to financial transactions in a public space without the need for a cashier, clerk or bank teller. Using an ATM, Customer Actor can access their bank accounts in order to check balances, deposit funds, withdraw cash and/or transfer funds (Use Cases). See example ATM Use Case diagram in the link.

Related questions

What are coupon websites?

They are sites that claim to provide offer coupons that potential customers can use. However, to obtain these you will need to register and can, based on reports recieve considerable email adverts


Who are the Users of financial reports?

Almost everyone at some point will use or come in contact with some form of financial "report" or financial statement.To take a look at the personal aspect of it, open a bank statement, a bill of some sort, look at your tax form, these are all forms of financial reports.Looking on the business end of it many people use financial reports to determine the standing of a company, whether a small mom and pop business or a large corporation, financial reports are very important to the life of a business. Looking at the financial reports of a business can help determine how good (or bad) a business is doing. Investors, whether banks, private, or even stockholders, can determine if a business is worth the risk of investing into.Small business owners, managers and even CEO's of large Corporations use financial statements to determine where their business stands and how to proceed in the years to come. Can they afford to hire new employee's or do they need to cut back? Can they expand their business, how much can they spend on supplies, etc. They also use financial statements to for Tax Purposes.


What does the website wellsfargofinancial offer customers?

The website Wells Fargo Financial offers customers a number of financial services. It allows one to pay their bills online, to access and manage accounts online and use customer service.


What purpose does government financial reporting serve?

These reports are the standard that citizens, oversight bodies, and other stakeholders use to judge their government's efficiency, effectiveness, and overall financial condition


What is automated financial analysis?

1. Financial Analysis refers to an assessment of the viability, stability and profitability of a business, sub-business or project.It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other reports. These reports are usually presented to top management as one of their bases in making business decisions.2. Automation is the use of control systems such as computers to control processes, reducing the need for human intervention.SO, automated financial analysis is using computers with control systems (an expert system with rules) to analyze financial information.HOW DO YOU DO THIS? There is a program called ProfitCents that performs automated financial analysis. ProfitCents is a web-based application that allows users to input an income statement and balance sheet to generate a text write-up of the financial performance of a person, business, or non-profit organization.


How can a limited company value its fixed assets to best inform those who use its financial reports?

revaluating the assets and dispose the unneccessary


What is the purpose of financial accounting?

The purpose of financial accounting is to provide financial statements and financial reports to individuals who require them. This includes preparing a balance sheet, income statement, cash flow and notes. People that use this information usually have an interest in the company due to investment or ownership.


What three computer function does Alex need to use to create the reports?

p[l;'


Which use Adobe Photoshop?

When you show your products photos to your customers and need to edit them, you will use adobe photoshop.


How much does online financial software cost to use?

Most online financial software is free to use. The software offered to users by large banks such as CitiBank and Chase are free to use to attract customers to those banks. More professional online financial software from third-party sellers range from prices as low as $5 to up to $299.


What is ing direct and why do we use it?

ING Direct is a financial services company, offering savings and investment accounts to their customers. They are primarily an online banking entity.


How do you use biweekly in a sentence?

The company will prepare biweekly reports so the CEO can see financial basis on a regular basis. Biweekly means every other week.