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Who are the direct users of information in accounting?
the shareholders or the owner of the business are the direct users of the account
Identify five users of financial accounting?
Stockholders, lawyers, bookkeeper account receivable, account payable
Can a spreadsheet be used to prepare a budgeted profit and loss account?
Yes, a spreadsheet can be effectively used to prepare a budgeted profit and loss account. It allows for easy organization and manipulation of financial data, enabling users to input projected revenues and expenses. Additionally, spreadsheets can perform calculations automatically, making it simple to analyze different scenarios and adjust figures as needed. This flexibility and functionality make spreadsheets a popular tool for budgeting purposes.
Why is it argued that users of accounts can be misled by the reported profit figure?
Users of accounts can be misled by the reported profit figure due to accounting practices such as aggressive revenue recognition, which may inflate profits by recognizing income before it is actually earned. Additionally, profit figures can be affected by one-time gains or losses that do not represent ongoing business performance, leading to a distorted view of financial health. Furthermore, the use of different accounting methods can result in varying profit figures, making it difficult for users to compare companies accurately.
You are an authorized user of a business card account are you liable as an authorized user?
No, authorized users are not responsible for an account. Only the actual account holder is responsible for all debt that is incurred.
Who are the users of balance sheet?
external users like statutory firms, share holders etc
What is the importance of the balance sheet?
its snapshot of business.. and a kind of information for external or internal users, for to let them decide for to invest in company or vice vrsa
If you are an authorized user on a credit card and the holder files bankruptcy are you responsible for their balance?
No, authorized users are not responsible for debt incurred on such an account.
Are the basic four financial statements adequate for users of a firms financial data?
1. Balance Sheet 2. Income Statement 3. Cash Flow Statement 4. Statement of changes in equity
What account is designed for users that require only temporary access to the computer and is disabled by default?
The 'Guest' account is usually used by temporary users.
Who are all of the users of WikiAnswers?
There are so many users it would be almost impossible to list them all. Seven million users have a WikiAnswers account and there are many more who don't have an account.
Who are the direct users of information in accounting?
the shareholders or the owner of the business are the direct users of the account
Do authorized users receive their own card?
Yes, authorized users typically receive their own card linked to the primary account holder's account.
Who establishes new permission or privilege for current users?
The administrator of the system will establish new rights for users.
Where are users account stored on a workstation in a workgroup?
the user account is stored in the active directory
Explain why it is important to take into account service users and deal with their concerns in a positive manner?
It is important to take account the service users into account and deal with them in a positive manner because a happy customer will always return.
What is fund flow statement and their uses?
Uses Of Fund Flow Statement1. The users of fund flow statement, such as investors, creditors, bankers, government, etc., can understand the managerial decisions regarding dividend distribution, utilization of funds and earning capacity with the help of fund flow statement. 2. The quantum of working capital is revealed by the schedule of working capital changes, which is a part of fund flow statement.3. The fund flow statement is the best and first source for judging the repaying capacity of an enterprise.4. The management will be able to detect surplus/shortage of fund balance.5. The fund from operation is not mentioned in the profit and loss account and balance sheet but it is separately calculated for the purpose of fund flow statement.
