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What process is carried out at the end of the month to close out accounts and ensure that the Army's General Fund GL accurately reflects the financial status of the Army for that month?
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∙ 9y ago
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Is their a statue of Martha Washington?
No. First Ladies don't have monuments. Very few women in general do. Think about all of the monuments and memorials you know about. None are for women. Just, recently there has been one made for nurses who died in areas of war. All of this reflects the second class status that women have been placed in society.
What was Douglas MacArthur's highest rank?
General of the Army - a 5 star General
Financial Analysis: Assessing Business Health and Longevity?
Businesses need guidance and measuring devices in order to make accurate decisions about continuing or discontinuing certain operations; investing or borrowing money; acquiring property and machinery, and hiring personnel. Financial analysis explains the profitably, stability, and viability of a business or a company project.Financial analysis is usually done using ratios taken from company information like financial statements and other business tracking tools. Past performance is divided into time periods and is compared to present performance. Future probabilities are then projected from that information. Comparative performance is also measured using percentages so firms can see how they are trending within a certain market or with how their products stack-up against the competition.Company solvency and company liquidity are also measured using information from balance sheets which indicated the financial situation of the company at a given point in time. Income statements and balance sheets are used to identify the company's stability. Those statements plus other financial indicators are studied to assess the firm's ability to stay in business if a sudden market downturn occurs that results in significant losses.Financial Ratios Offer Businesses Several Financial Analysis ChallengesSeasonal factors can distort financial ratios and so can investor behavior that is not based on the general economy or economic fundamentals so many financial analysts use percentage analysis and comparative analysis in order to get a more accurate picture of a company's performance for specific time periods.Percentage analysis involves quantifying an item or groups of items as a percentage of another item. Cost items are expressed as a percentage of gross sales and net income is expressed as a percentage of total sales less total expenses. Comparative analysis lists sales and cost figures side-by-side for two or more periods for easy analysis.Some businesses use all three types of financial analysis to study growth, company solvency, and future potential. When financial analysts have the correct figures the health and life of any company is always in the hands of top management. The health of a company can change drastically in just one period, but if a financial analysis is done on a regular basis the business should be prepared for the change.
When was General Architecture for Text Engineering created?
General Architecture for Text Engineering was created in 1995.
How did general wolfe die?
General Wolfe Died Of A Gun Shot Wound and died at 1759
Chart of accounts is used by accounts receivable or accounts payable?
noneChart of accounts is used for compiling General Ledger and financial accounts by accountants.AR and AP use aged trial balance
What is the entire group of accounts maintained by a company called?
General ledger-a collection of all the accounts used by a business that could appear on the financial statements
What title would you say i would be if i am the only one working in the office doing the payroll taxes accounts payable accounts receivable general ledger and w2s?
Financial Controller
Can financial statements be prepared directly from the adjusted trial balance?
Yes, adjusting entries have been recorded in the general journal and posted to the ledger accounts.
What is the End product of financial accounting?
Financial Accounting is concerned with preparation of Financial Statements that would serve the interests of Investors, Banks, Creditors, and general public at large. The aim of Financial Accounting is to facilitate Financial Decision Making based on Accurately Gathered Significant financial Information pertaining to the Performance of the Organization and also giving information about the Current position of the Organization's Assets and Liabilities.
When does the AP requires a subsidiary ledger?
A control account is an account found in the general ledger such as accounts receivable,Accounts Payable,inventory etc. The accounts are a summation of entries made in the subsidiary ledgers and are.When using a General Ledger, accounts such as Accounts Payable or Accounts Receivable are much easier to work with in the General Ledger if they have a "single" sum of all accounts, in other words.
What is the end product of accounting?
Financial Accounting is concerned with preparation of Financial Statements that would serve the interests of Investors, Banks, Creditors, and general public at large. The aim of Financial Accounting is to facilitate Financial Decision Making based on Accurately Gathered Significant financial Information pertaining to the Performance of the Organization and also giving information about the Current position of the Organization's Assets and Liabilities.
What is the role of an accounting department in a corporation?
Role of accounts department in a corporation is: · Financial accounting: financial and fixed asset reporting; payroll; accounts payable · Accounting function: maintain the general and subsidiary ledgers; process and record all revenues and prepare general purpose financial statements in compliance with IFRSs · Accounting oversight and guidance to other internal departments to ensure the gaap, legal requirements, policies and procedures - all consistently applied to maintain the integrity of the financial records. · Management accounting - budgeting, performance evaluation, cost management, asset management
How do you prevent overdue accounts in the accounting business?
A Chart of Accounts is more than a list of General Ledger Accounts. A functional Chart of Accounts is: (1) the center of the financial record keeping process (2) a 'posting map' for recording financial...What_do_you_do_if_you_have_an_overdue_accountWhere an overdue account showing on your file has been paid but not updated, call the credit provider and request they contact the credit agency to make the correction. Your file will be updated...Is_accounts_receivable_a_real_account_in_accounting_and_is_goodwill_a_real_account_in_accountingReal accounts, i.e. Balance Sheet accounts are ongoing perpetual records and represent "real" items; cash, receivables, inventories, accounts payable, invested capital, etc., etc. Accounts receivable...
Duties and responsibilities of accounting staff?
Accounting personnel and staff are responsible for the day to day financial management of a company or business. Accounting personnel reconcile bank accounts, pay bills, record and make bank deposits, prepare financial statements, and more.
What are the packaged software?
Accounting software packages are a suite of different types of accounting programs designed for specific tasks. They include: payroll accounting, financial statements, accounts receivable, Accounts Payable, general ledger, journal voucher among others.
What does the Furness Building Society do?
The Furness Building Society is a business and financial industry. They handle mortgages, savings accounts, retirement planning, and general loans. They are based in the United Kingdom.
