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businesses need financial accounts so as to keep track of all their transactions,check progress(profits &losses) and to make decisons
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∙ 15y ago
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Need for Reconciliation of Cost and Financial Records?
Need for reconciliation of cost and financial accounts
Why you need audit?
it verifies the accounts at the end of a financial year, conducted by an independent qualified accountant
Why need auditing?
it verifies the accounts at the end of a financial year, conducted by an independent qualified accountant
Can someone legally expect financial retribution when ending a cohabitating relationship?
Not financial retribution, but there may be a need to resolve co-mingled finances. For example, there may be joint bank accounts and debts that would need to be divided.
Who is someone who produces detailed accounts and financial spreadsheets?
an accountant or financial analyst
Who bought Associates Financial Services accounts in Utah?
One Main Financial
What financial services do Wells Fargo financial bank offer?
Wells Fargo Bank offers many financial service. They offer checking accounts, savings accounts, CDs, money market accounts, retirement plans, mortgage options, etc.
What is the function of the accounts office?
To ensure that financial events are accurately and appropriately recorded in the company's financial and or financial statements.
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.
Is it ok to have two or more financial accounts at the same financial institution or should you diversify your financial accounts between multiple financial companies?
AnswerThe term "financial institution " means depository institutions such as insurance company, safe deposit company, money-market mutual fund, or similar entity authorized to do business. So, diverse financial institution accounts are recommended as it is safe and according to the rules.
What is the difference between audited accounts and unaudited accounts?
the rough financial figure is called unauditted and financial figures audited by chartered accountants are called auditted
What are the fictitious account?
Fictitious accounts are non-existent accounts created for fraudulent purposes. They may be used to manipulate financial records, conceal illegal activities, or misrepresent the financial position of a business. Detecting and preventing fictitious accounts is essential for maintaining the integrity of financial reporting.
