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Duties of financial accountant?

Financial accountants are responsible for preparing monthly, quarterly, and yearly statements based on the company data. They also prepare company budgets and are aware of any tax filing requirements.


When to use yearly?

"Yearly" is used when referring to events, activities, or processes that occur once a year or on an annual basis. It is appropriate in contexts such as financial reporting, planning, or scheduling, where a yearly timeframe is relevant. For example, one might say, "We conduct a yearly review of our business performance" or "The festival happens yearly in August."


What is Bill Gates yearly income?

Bill Gates yearly income is, $16,866,662,400.


What are the nine accounting cycles?

1. Collecting and Analyzing Data from the occured transaction . 2. Journalize Transaction . 3. The general journal entries are posted to the General Ledger which is organized by account .4. Prepare an unadjusted trial balance .At the end of the period, double-entry accounting requires that debits and credits recorded in the general ledger be equal . 5.Prepare adjustments Period-end adjustments are required to bring accounts to their proper balances after considering transactions and/or events not yet recorded . 6.Prepare an adjusted trial balance: As with an unadjusted trial balance, this step tests the equality of debits and credits. 7.Prepare financial statements: Financial statements are prepared using the corrected balances from the adjusted trial balance. 8.Close the accounts: Revenues and expenses are accumulated and reported by period, either a monthly, quarterly, or yearly 9.Prepare a post-closing trial balance: fold: to determine that all revenue and expense accounts have been closed properly and to test the equality of debit and credit balances of all the balance sheet accounts.


What is the difference between finance and financial accounting?

Finance means funds usually in the form of money. Giving or taking finance, Financing a project etc.,. Whereas Financial Accounting means maintaining a proper record of the money or finance or resources used and maintaining it in a proper order to be presented to the auditor for yearly evaluation.

Related Questions

What are the financial plans that government and businesses prepare yearly?

Budgets


Duties of financial accountant?

Financial accountants are responsible for preparing monthly, quarterly, and yearly statements based on the company data. They also prepare company budgets and are aware of any tax filing requirements.


What determines whether or not you are eligible for financial aide?

Yearly Income.


How much do financial accountants earn yearly?

it cost $1


What is the approximate yearly revenue of Planned Parenthood?

Approximately, the yearly revenue of Planned Parenthood is $1.219 Billion according to their 2010-2011 financial report and $1.1991 Billion according to their 2011-2012 financial report.


What are Small businesses yearly GDP?

U.S small business 50% of non - farm GDP


When to use yearly?

"Yearly" is used when referring to events, activities, or processes that occur once a year or on an annual basis. It is appropriate in contexts such as financial reporting, planning, or scheduling, where a yearly timeframe is relevant. For example, one might say, "We conduct a yearly review of our business performance" or "The festival happens yearly in August."


Do you receive interest on your account monthly or yearly?

Interest on your account is typically received either monthly or yearly, depending on the specific terms of your account agreement with the financial institution.


What has the author Michael Blott written?

Michael Blott has written: 'A five yearly financial review of the performance of Westland p.l.c.'


What has the author P Ince written?

P. Ince has written: 'A five-yearly financial review of the performance of Turner and Newall plc'


What has the author Ian Willoughby written?

Ian Willoughby has written: 'A five-yearly financial review of the performance of Pilkington Brothers Limited'


What is revenue tax?

Tax revenue is the income that the government gets from individuals paying their yearly taxes. Anytime taxes are taken out of your paycheck, that goes to the governments tax revenue.