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Where is the information needed to determine whether a company is using accounting methods similar to those of its competitors?
Wiki User
∙ 12y ago
auditor's report
Wiki User
∙ 12y ago
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Which group uses accounting information to determine whether the company may pay its obligations?
creditors
Who is primary user of management accounting information are?
Management and directors will use them to determine how well the company is doing and where to go from there.
Why do investors need accounting information?
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
What is the purpose of producing accounting information?
The primary purpose of accounting information is to provide useful information to help people make decisions.Stakeholders of a company are interested in the financial performance of that company, and therefore require accounting information in order to assess the company's well-being.In order for accounting information to be useful, it must be:UnderstandableRelevant/TimelyReliable/VerifiableComparable
What are the major objectives of a cost accounting system in a manufacturing company?
A) To determine unit manufacturing costs and B) to provide managers with useful information for planning and cost control functions
Which group uses accounting information to determine whether the company may pay its obligations?
creditors
Who is primary user of management accounting information are?
Management and directors will use them to determine how well the company is doing and where to go from there.
Why do investors need accounting information?
Investors need the accounting information to see that how company is performing to decide whether to invest or not in company.
What is the purpose of producing accounting information?
The primary purpose of accounting information is to provide useful information to help people make decisions.Stakeholders of a company are interested in the financial performance of that company, and therefore require accounting information in order to assess the company's well-being.In order for accounting information to be useful, it must be:UnderstandableRelevant/TimelyReliable/VerifiableComparable
A formal program of gathering information on a company's competitors is referred to as?
sdsa
What is the meaning of external party that interested in accounting information?
When an external party is interested in accounting information they could be interested in investing in the company. They want to make sure that the company is financially secure.
What are the 3 factors that determine a company's price-earnings ratio?
the accounting method used
What are the major objectives of a cost accounting system in a manufacturing company?
A) To determine unit manufacturing costs and B) to provide managers with useful information for planning and cost control functions
Briefly describe concept of accounting information system?
Generally accounting information systems are a computer-based system of tracking financial activity in a company, and presenting that transactions in a organized financial statement. Currently, accounting software can be purchased off the shelf, which is much cheaper than when it had to developed by the company.
Define management accounting system?
The definition of management accounting system is a system that was designed for a company that provides the information that is necessary for the company to make projections and decisions. It provides accurate and current information.
List three groups that use accounting information and briefly explain why each has an interest in this information?
how to explain an accounting system used for our company to auditor
Financial information does not demonstrate consistency when?
A company changes accounting principle.
