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Here are the five users of Accounting
1.shareholders of a company
2.Government
3.Suppliers/ Creditors
4.General public
5.Employees
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∙ 11y ago
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State any five accounting conventions?
I don't know. I am looking for answer to this!
How does accounting provide relevant data to users?
Accounting is a way to provide a systematic data about any company's statements and expenses. due to its consecutive and systematic entries it provides a relevant data. Internal users need to understand accounting data in order to measure the economic performance of businesses and to make business decisions
What is a disclosure note in accounting?
Disclosures notes are part of accounting financial statements as in disclosure notes important information related to amounts or information in financial statement is provided to further clarify any information previously given or any other related information.
What are the distinguishing features of managerial accounting?
How would you describe the difference between financial and managerial accounting? First, the primary users of reports in financial accounting is external users: stockholders, creditors, and regulators. The primary users of managerial accounting is internal users: officers and managers. Second, the types and frequency of reports for financial accounting uses financial statements and they are quarterly and annually. Managerial accounting uses internal reports and as frequently as needed. Third, the purpose of reports for financial accounting is general-purpose and managerial accounting is special-purpose for specific decisions. Fourth, content of reports for financial accounting is limited to double-entry accounting and cost data, highly aggregated (condensed), pertains to business as a whole, and generally accepted accounting principles. Managerial accounting is extended beyond double-entry accounting to any relevant data, very detailed, pertains to subunits of the business, and standard is relevance to decisions. Last, financial accounting verification process is audit by CPA and managerial accounting verification process is no independent audits.
What software systems provide accounting information?
You can basically get accounting information from any software system that I currently know of. Microsoft has Excel, Linux has Calc, and you can also put Excel onto Apples.
Define concept of materiality in accounting?
Any omission, misstatement or non disclosure of information that can adversely affect users decision or discharge management from its accountability.
State any five accounting conventions?
I don't know. I am looking for answer to this!
How does accounting provide relevant data to users?
Accounting is a way to provide a systematic data about any company's statements and expenses. due to its consecutive and systematic entries it provides a relevant data. Internal users need to understand accounting data in order to measure the economic performance of businesses and to make business decisions
Select any organization and draft its AIS?
Accounting Information System
What is a disclosure note in accounting?
Disclosures notes are part of accounting financial statements as in disclosure notes important information related to amounts or information in financial statement is provided to further clarify any information previously given or any other related information.
What are the distinguishing features of managerial accounting?
How would you describe the difference between financial and managerial accounting? First, the primary users of reports in financial accounting is external users: stockholders, creditors, and regulators. The primary users of managerial accounting is internal users: officers and managers. Second, the types and frequency of reports for financial accounting uses financial statements and they are quarterly and annually. Managerial accounting uses internal reports and as frequently as needed. Third, the purpose of reports for financial accounting is general-purpose and managerial accounting is special-purpose for specific decisions. Fourth, content of reports for financial accounting is limited to double-entry accounting and cost data, highly aggregated (condensed), pertains to business as a whole, and generally accepted accounting principles. Managerial accounting is extended beyond double-entry accounting to any relevant data, very detailed, pertains to subunits of the business, and standard is relevance to decisions. Last, financial accounting verification process is audit by CPA and managerial accounting verification process is no independent audits.
What software systems provide accounting information?
You can basically get accounting information from any software system that I currently know of. Microsoft has Excel, Linux has Calc, and you can also put Excel onto Apples.
Users of any technical description need as much information as possible?
yes
Why accounting information is most demanded in modern generation than before?
In modern generation life is too much fast and when any person want to invest in the business then he need accounting information. And in the past time people are not well educated and expert and the competition in the market is less so he need less demand of accounting information.
Define accounting and discuss its functions?
Accounting is often called the language of business. The basic function of any lan-guage is to serve as a means of communication. In this context, the purpose of ac-counting is to communicate or report the results of business operations and its various aspects. Though accounting has been defined in various ways. According to one commonly accepted definition. "Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are; in part at least, of financial character and interpreting the results thereof'. Another definition which is less restrictive interprets accounting as "The process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of information
What do I do if the executor of my father's estate will not give me any accounting information?
Complain to the court immediately. The court can compel the Executor to file an accounting or replace the Executor if they will not perform their duties with expediency.
Why does this website never give any info?
Its a Q&A site - the users are the ones that give the information.
