0
Which group uses accounting information primarily to ensure the entity is operating within prescribed rules?
Wiki User
∙ 12y ago
Regulatory Agencies
Source (Essentials of Accounting, 4th Edition. John Wiley & Sons p. 7).
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Why accounting is a service activity?
ACCOUNTING is a service activity. Its function is to provide quantitative information, primarily financial in nature as it talks about economic entities that is intended to be useful in making economic decisions and in making reasoned choices.
Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process?
Recording.
Adjusting entries are primarily needed for?
cash basis accounting
Which organization is primarily responsible for developing a single set of worldwide accounting standards?
International Accounting Standards Board (IASB)
Adjusting entries are designed primarily to correct accounting errors?
True
Which groups use accounting information primarily to insure the entity is operating within prescribed rules?
Auditors use accounting information to ensure that a business is operating as it should. Many auditors working with the Securities Exchange Commission have the ability to fine companies that are not complying.
What information system does Pixar Animation Studios use?
Pixar primarily uses the Linux Operating system for production.
Why accounting is a service activity?
ACCOUNTING is a service activity. Its function is to provide quantitative information, primarily financial in nature as it talks about economic entities that is intended to be useful in making economic decisions and in making reasoned choices.
Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process?
Recording.
Which of the following operating systems is used primarily is used primarily?
The primary
Adjusting entries are primarily needed for?
cash basis accounting
What operating system is used primarily with mainframes as a network operating system?
UNIX
Which operating system is used primarily with mainframes as a network operating system?
Unix
What are the three definition of accounting?
1. accounting is a service activity, it's function is to provide quantitative information, primarily financial in nature, about economic entities which are intended to be useful in making economic decisions. 2. accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. 3. accounting is the art of recording, summarizing and classifying in a significant manner and in terms of money, transactions and events, which are in part at least, of a financial character and interpretation of the results thereof.
Which organization is primarily responsible for developing a single set of worldwide accounting standards?
International Accounting Standards Board (IASB)
Adjusting entries are designed primarily to correct accounting errors?
True
Which operating systems is used primarily for networks?
Windows
