0
information provided by acct. enable investors and creditors to compare income and assets and decided whether or not to invest or lend money
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How does fixed asset management help a situation?
Fixed assets management is an accounting process that helps track fixed assests for financial accounting, preventative maintenance and to prevent theft.
Role of the cost and management accounting?
Role of cost and management accountant is to determine the cost of production and per unit cost of product as well as help management in daily business activities and provide cost information about all business activities and help in decision making process as well as capital budgeting and decisions.
Why do you study cost accounting?
Cost accounting tells us about how to calculate the per unit cost of any item produce in manufacturing concern as well as provide the basis for management accounting to help management in short-term and long term decision making process.
What is the concept of hedge accounting about?
Hedge accounting is basically a way for two things to come together so when one of the two shows a loss, the other will offset that loss and help it to break even. Hedge accounting seems to be a very complicated process that businesses use.
What is an accounting cycle and how does it help in the accounting process?
ACCOUNTING CYCLE : An accounting cycle is a complete sequence beginning with the recording of the transactions and ending with the preparation of the final accounts.The sequential steps involved in an accounting cycle are as follows : 1.jounalizing,2.posting,3.balancing.4.trail balance,5.income statement(trading & profit & loss account to ascertain the profit or loss for the accounting period),6.position statement(balance sheet) ACCOUNTING PROCESS IS ALSO CALLED ACCOUNTING CYCLE. ACCOUNTING PROCESS : It consists of the following stages/helps : 1.recording of entries for all business transactions in journal. 2.posting of entries into ledger. 3.balancing of accounts. 4.preparing of trail balance with the help of different accounts to know the arithmetical accuracy. 5.preparing final accounts with the the help of trial balance.----trading & profit and loss account to know the profit or loss.-----balance sheet to know the financial position (of a company for year end or a period)
Definition of management accounting?
Managment accounting is a process of identifying, measuring, analysing and communication of information to internal managment so as to help them plan and make decisions.
What are resource allocation name graphs?
What are the dominate method of resource allocation?Discuss with the help of example?
How does fixed asset management help a situation?
Fixed assets management is an accounting process that helps track fixed assests for financial accounting, preventative maintenance and to prevent theft.
Role of the cost and management accounting?
Role of cost and management accountant is to determine the cost of production and per unit cost of product as well as help management in daily business activities and provide cost information about all business activities and help in decision making process as well as capital budgeting and decisions.
What is realloc memory allocation?
Use help/manual.
Why do you study cost accounting?
Cost accounting tells us about how to calculate the per unit cost of any item produce in manufacturing concern as well as provide the basis for management accounting to help management in short-term and long term decision making process.
What is the concept of hedge accounting about?
Hedge accounting is basically a way for two things to come together so when one of the two shows a loss, the other will offset that loss and help it to break even. Hedge accounting seems to be a very complicated process that businesses use.
What do you mean by cost accounting?
its the practice of calculating the resources incured in producing the final product
What is an accounting cycle and how does it help in the accounting process?
ACCOUNTING CYCLE : An accounting cycle is a complete sequence beginning with the recording of the transactions and ending with the preparation of the final accounts.The sequential steps involved in an accounting cycle are as follows : 1.jounalizing,2.posting,3.balancing.4.trail balance,5.income statement(trading & profit & loss account to ascertain the profit or loss for the accounting period),6.position statement(balance sheet) ACCOUNTING PROCESS IS ALSO CALLED ACCOUNTING CYCLE. ACCOUNTING PROCESS : It consists of the following stages/helps : 1.recording of entries for all business transactions in journal. 2.posting of entries into ledger. 3.balancing of accounts. 4.preparing of trail balance with the help of different accounts to know the arithmetical accuracy. 5.preparing final accounts with the the help of trial balance.----trading & profit and loss account to know the profit or loss.-----balance sheet to know the financial position (of a company for year end or a period)
Definition of computerised accounting?
computerized accounting is method of accounting using modern accounting technology .it will reduce the problems in manual accounting and help to save time cost ,prepare accurate accounts and also help to easy communication of accounts.
Need help in Accounting Can somebody help you in getting tutoring service of Accounting subject . you want to improve your marks?
Yes if you are looking for accounting help and want an A grade then must go to a2zassignment . Here you can guarantee of an A grade or B grade Or refund. There are best experts from top universities of U.S.A.
Can someone help you this accounting journaling?
No, WikiAnswers answers questions, it does not provide an accounting service.
