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I think no-financial activities are those activities that you participate in as volunteer or those you dont get paid .
What else can I help you with?
What are non financial assets?
non financial assets characteristics
What are the Non financial transactions?
Non-financial transactions are activities that do not involve a direct exchange of money or financial assets. Examples include the issuance of stock options, the transfer of goods or services without payment, and the recording of depreciation on assets. These transactions impact a company's operations and financial position but do not immediately affect cash flow. They provide important insights into a company's performance and overall health beyond just financial metrics.
How can you eliminate non added value activities?
non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.
What are the 2 types of transaction?
The two main types of transactions are financial transactions and non-financial transactions. Financial transactions involve the exchange of monetary value, such as buying, selling, or transferring funds. Non-financial transactions, on the other hand, do not involve money and can include activities like information sharing, service agreements, or contractual obligations. Both types are essential for various business operations and interactions.
Who uses summary reports of the financial activities of a business?
Accountants and financial directors
What is the difference between Financial and non financial institutions?
The main difference between financial and non financial institutions is in their functions. Financial institutions will accepts deposits and offer financial services like loans and so on while non-financial institutions do not engage in financial activities.
What is meant by 'on the books' and 'off the books'?
'On the books' refers to transactions or activities that are recorded in official financial records, such as accounting books or financial statements. 'Off the books' refers to transactions or activities that are not recorded in official financial records, often done to avoid taxes or hide illegal activities.
What are non financial assets?
non financial assets characteristics
What are the Non financial transactions?
Non-financial transactions are activities that do not involve a direct exchange of money or financial assets. Examples include the issuance of stock options, the transfer of goods or services without payment, and the recording of depreciation on assets. These transactions impact a company's operations and financial position but do not immediately affect cash flow. They provide important insights into a company's performance and overall health beyond just financial metrics.
How can you eliminate non added value activities?
non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.
What are the 2 types of transaction?
The two main types of transactions are financial transactions and non-financial transactions. Financial transactions involve the exchange of monetary value, such as buying, selling, or transferring funds. Non-financial transactions, on the other hand, do not involve money and can include activities like information sharing, service agreements, or contractual obligations. Both types are essential for various business operations and interactions.
What is non-financial investment?
A financial investment would be when a monetary investment is made. A non-financial investments is a non-monetary investment, for example, donating time and energy.
Should a management accounting system provide both financial and non financial information?
accounting system provide both financial and non financial information.explain.
Non economic activities and its examples?
What is the difference between economic and non economic activities.?
What are non-financial budgets?
Budgets are not expressed in dollar value termed non-financial budgets.
What are the fictitious account?
Fictitious accounts are non-existent accounts created for fraudulent purposes. They may be used to manipulate financial records, conceal illegal activities, or misrepresent the financial position of a business. Detecting and preventing fictitious accounts is essential for maintaining the integrity of financial reporting.
What is non financial corporation?
A non-financial corporation is a business entity primarily engaged in producing goods or providing services, rather than in financial activities such as banking or investment. These corporations operate in various sectors, including manufacturing, retail, and technology, and generate revenue through their core operations. Unlike financial corporations, they do not primarily focus on financial intermediation or investment services. Examples include companies like Apple, Ford, and Procter & Gamble.
