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What is the purpose of the Accounting and Financial Functional Area?
The primary purpose of any accounting function is that of ongoing financial record keeping. Monetary information of all types--operational expenses, salaries, donations, capital expenditures, investments, cash flow, utilities--should be tracked on a monthly basis at a minimum. The ongoing result is the creation of an organization's financial history that can be used in a variety of ways, as it gives managers a snapshot of the firm's financial health and wealth at any given time.
What is the purpose of working capital?
Working capital is defined as "a measure of both a company's efficiency and its short-term financial health." It is a ratio calculated with this formula: current assets - current liabilities = working capital.
What is the difference between capital reserve and reserve capital?
Capital reserve is a reserve created to deal with general, unspecified contingencies such as inflation. It is a fund set aside for the specific purpose and can not be distributed for other uses. Normally it is legally not distributable as dividends to shareholdersReserve Capital is the part of the Authorised capital which is not yet called up
What is the Importance of national budgeting?
the purpose of having a national budget is to provide a forecast of revenues and expenditures for the country. That is, construct a model of how the country might perform financially if certain strategies, events and plans are carried out. It enables the actual financial operation of the country to be measured againnst the forecast. It is also important to establish the cost constraint for a project, program or operation. :)
Can revaluation reserve be use for bonus issue?
Yes it can use any of the capital reserves for the purpose, like Share Premium Account, Capital Redemption Reserve & Revaluation Reserve...
What is a sentence for expenditure?
My company made me list all my expenditures from attending the conference.Expenditures are monies spent for a specific purpose.
What is the purpose of Seed Capital?
Seed capital is the initial capital used to start a business with. This is important because without seed capital no business would ever be able to get off the ground.
The three part test of what helps to justify the purpose of expenditures?
necessary expense rule
What The three-part test of the helps to justify the purpose of expenditures.?
necessary expense rule
What is the three part test that helps to justify the purpose of expenditures?
necessary expense rule
What is the three part test to help to justify the purpose of expenditures?
necessary expense rule
What is three part test of the helps to justify the purpose of expenditures?
necessary expense rule
Minimum amount of expenses which should be treated as capital expenditure?
Costs that proceed a benefit, new assets that have substantial life, improvements that prolong the life of property, and adaptions that permit the property be used for new or different purpose are considered capital expenditures. In a nut shell, they are all initial cost with long term profitable results.
what countries have a purpose built capital city?
Brasilia, the Capital City of Brazil was purpose built, as Rio de Janeiro was their previous Capital City.
What is the purpose of capital budgeting?
The purpose of capital budgeting is to help poor people and others improve their life.
What is the purpose of appellate jurisdiction and original jurisdiction?
To distinguish between higher and lower courts
What is the purpose of coat of arms?
The purpose of the coat of arms was to identify a noble person or family and distinguish them from other nobles in places like battles.
