feature of accounting princeple
The three words that best describe an audit plan are "systematic," "comprehensive," and "strategic." An audit plan is systematic as it outlines a structured approach to evaluating an organization’s processes and controls. It is comprehensive in covering all relevant areas to ensure thorough assessment, and it is strategic as it aligns with the organization's goals and risk management objectives.
Accrual accounting records an expense/revenue in the period the transaction occurs. Cash accounting recognizes and expense/revenue when cash is exchanged.
Describe the procedures that are usually included in a typical payroll accounting system?
TRANSACTION
What are the Evolutiosn of business policy
The functions of management accounting include: Budget control, ratio analysis, fund flow analysis and cash flow analysis. Management accountingâ??s main function is to collect accounting data which is useful for different managerial functions.
The main categories of accounting include financial accounting, management accounting, and cost accounting. Financial accounting focuses on recording and reporting financial information for external users. Management accounting provides financial information to internal decision-makers and helps in budgeting, planning, and decision-making processes. Cost accounting analyzes the cost of manufacturing a product or providing a service. These categories are interrelated as the information produced in financial accounting is used by management accounting for decision-making, and cost accounting employs the techniques and information provided by both financial and management accounting.
Strategic management allows the business to move forward in their industry. It takes into consideration what their competitive advantages are and helps them to use these strengths to improve their position within the industry.
describe introduction in a composition
describe the management process
PEST analysis describes a factors used in environmental scanning for strategic management. PEST stands for, Political, Economical, Social and Technological Analysis.
strategic
describe various uses of financial statements
Regarding the composition of ocean water, I would describe it as a homogeneous mixture, or solution.
feature of accounting princeple
The three words that best describe an audit plan are "systematic," "comprehensive," and "strategic." An audit plan is systematic as it outlines a structured approach to evaluating an organization’s processes and controls. It is comprehensive in covering all relevant areas to ensure thorough assessment, and it is strategic as it aligns with the organization's goals and risk management objectives.