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You can analyze un-audited financial statements, buy you have to keep in mind that your ratio analysis, vertical analysis, and comparative analysis may be (probably are) inaccurate as to the companies 'real' financial position. You'd have to take any un-audited analysis results with a grain of salt. If you're buying a business, the seller should pay for the audit, or make sure there has been an audit of the statements in the past 2-3 years atleast so you can work with something real.
What else can I help you with?
What is the purpose of a medical practices financial policy?
It is important to have a financial policy at a medical practice. With a policy, all patients can be treated exactly the same.
What does do not offset interest expense by interest income mean?
"Do not offset interest expense by interest income" means that when accounting for financial transactions, interest expenses and interest income should be recorded separately and not netted against each other. This practice ensures a clearer representation of a company's financial position, allowing stakeholders to see the total cost of borrowing and the income generated from investments distinctly. By keeping them separate, it provides more transparency and helps in accurate financial analysis.
What is the concept of financial security about?
Financial security is always a good practice due to today's standard of people hacking financial systems for personal gain. One should always have security features set up to secure their money.
It is an acceptable accounting practice to treat an expenditure that is not material in dollar amount as an expense of the current period even though the expenditure may benefit several periods?
True
What types of transactions are stored in the transaction database in Medisoft?
In Medisoft, the transaction database stores various types of financial transactions related to patient accounts, including charges for services rendered, payments received, adjustments made, and outstanding balances. It also captures billing information, insurance claims submissions, and patient payment histories. This data is essential for managing the financial aspects of a medical practice and ensuring accurate reporting and analysis of revenue cycle operations.
What is A preestablished value indicating a level of acceptable practice?
The answer is a Threshold Value
Do Japanese people eat human fesces?
No, this is not a socially acceptable practice in Japan.
Financial accounting theories in practice?
GAAP
Definition of industrial practice?
Industrial practice, or industry practice, refers to government regulated industries that must follow requirements for financial reporting. It refers to the accounting constraints for the preparation of financial reports.
Can you provide some sample bridge hands for practice and analysis?
Sample bridge hands can be helpful for practice and analysis. They can be used to improve your skills in bidding, card play, and strategy.
What defines the rights of an occupation and the acceptable activities allowed within the proffession?
The scope of practice.
What is the practice of passing laws that are acceptable to the highest number of people called?
majority rule
Is adding two spaces at the end of a sentence a common practice?
It became standard practice with the invention of the typewriter. The computer keyboarding practice of one space after a period has become acceptable.
What is financial advertising?
Financial advertising is the practice of advertising to the investor, loan, banking, and mortgage consumer.
Why was the spoils system was an acceptable practice?
the spoil system was the practice of giving government jobs to political backers. it gave voters the job of the cabinet. during the Jacksonian era they were called the kitchen cabinet because they met in the kitchen sometimes(no joke i took this out of a textbook). i do not think it was acceptable because they might have given jobs to the non educated or gave the wrong job to the wrong person.
Differentiate between accounting and accounting convention?
Accounting means the systematic recording,reporting and analysis of financial transactions of a business.While accounting convention means legally-binding practice; rather, it is a generally-accepted convention based on customs, and is designed to help accountants overcome practical problems that arise out of the preparation of financial statements.
Is testing products on animals an acceptable practice?
Some people would agree with that, others would disagree.
