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Define the three components of the accounting equation?
The accounting equation is as follows: ASSETS = LIABILITIES + EQUITY
Define the purpose of accounting and identify the four basic financial statements?
The purpose of accounting is provide information to the users like investors ,financial institutions and to other clients. The four basic financial statements are balance sheet,income statement,cash flow,statement of retained earning.
Who coined the term management accounting?
The term "management accounting" was popularized by the American Accounting Association (AAA) in the 1950s, although its roots can be traced back to earlier practices in accounting and business management. The AAA sought to distinguish management accounting from financial accounting, emphasizing its role in internal decision-making and operational efficiency. While no single individual is credited with coining the term, the association's efforts helped define and formalize the concept within the field of accounting.
Define or describe the phrase 'red Flags explain the impact of red flags identified by auditors on each major phase of an audit?
Red flags are associated with a fraudulent item referenced on a financial statement. It could represent an accounting issue, unusual increase in financial growth or rapid financial decline.
Define debit and credit in accounting?
For P&L items Debit is what has gone and Credit is what is come. and for B/S items majorly Debits are our assets and Credits are our liabilities.
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting?
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
Define and distinguish between entries on the books and entries on the workpapers and explain why such an entries on the books and on the workpapers are required in the consolidation process?
what is distinguish between bookkeeping and accounting? what is distinguish between bookkeeping and accounting? what is distinguish between bookkeeping and accounting?
Questions with 'how do you define budgetary capital expenditure also explain Pay back and accounting rate of return?
Average anual profit = average operating cash flow - depreciation
What is the definition of public relations by Sam Black?
Define and explain public relations as given by Sam Black. Define and explain public relations as given by Sam Black. Define and explain public relations as given by Sam Black. Define and explain public relations as given by Sam Black. Define and explain public relations as given by Sam Black.
Enumerate various sub - fields of accounting?
enumerate and define the fields of accounting and the sub category
Define or explain each of these terms?
Sure! Please provide the terms you'd like me to define or explain.
Define organizational behaviour and explain how it is used in the organizational setting?
define organizational behaviour and explain how it is used in the organizational setting
Can you define auditing a class and explain how it differs from taking a class for credit?
Auditing a class means attending lectures and participating in discussions without receiving a grade or credit. It differs from taking a class for credit because in the latter, students are required to complete assignments, exams, and earn a grade that contributes to their academic record.
What is a synonym for construe?
explain, define
How much does a person working in accounting earn?
define witch country?? and what Post?
What is another word for clarify?
Explain and Define
Define the three components of the accounting equation?
The accounting equation is as follows: ASSETS = LIABILITIES + EQUITY
