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The accounting process is concerned with internal and external transactions representing economic events?
The accounting process is concerned with both: internal and external transactions representing economic events.
Procedure for formulating accounting standards in India?
kindly show the process of formulating accounting stardards
What is infrastructure development?
Infrastructure development refers to the process of constructing and improving foundational facilities and systems that support economic activity and enhance the quality of life in a community or region. This includes building and upgrading transportation networks, utilities, communication systems, and public facilities such as schools and hospitals. Effective infrastructure development is crucial for fostering economic growth, facilitating trade, and ensuring access to essential services for residents. It often involves significant investment and planning by both public and private sectors.
What is the first thing you should do in conducting an economic analysis?
The first step in the process of conducting an economic analysis is to identify appropriate economic indicators for specific economic forecasts or trends.
What role does saving play in the economic growth process?
Saving play in the process of economic growth reduces poverty in an economy and improves the standards of living.
The accounting process is concerned with internal and external transactions representing economic events?
The accounting process is concerned with both: internal and external transactions representing economic events.
Bookkeeping differs from accounting in that bookkeeping primarily involves which part of the accounting process?
Recording.
Is a Practice that involves the listener in the communication process?
yes
What is the process involves in effective communication?
listening and speaking.
What is management accounting and control system?
Management accounting is defined as "the process of identifying, measuring and communication economic information to permit informed judgments and decisions by users of the information" (Colin Drury, Management and cost accounting, sixth edition, page 5) Management control systems are "the process of ensuring that a firms activities conform to its plan and that its objectives are achieved. (Drury 7th ed> p387)
Definition of management accounting?
Managment accounting is a process of identifying, measuring, analysing and communication of information to internal managment so as to help them plan and make decisions.
Why is it important to understand the process of communication?
It is important to understand the process of communication,as it involves a sender that is transmitting information in correct form to ensure that the message is understood by the receiver.
How does business process outsourcing work?
The process involves a company contracting out a certain business task to a third-party or another company. An example would be when a company outsources all its accounting work to an accounting firm.
Illustrate the process of oral communication?
Oral communication involves speaking and communicating ideas. Ideally, the object of the communication will be listening intently and will communicate relevant feedback in response.
Why communication is called an interactive process?
the process of communication is dynamic and interactive as it involves two-way conversation of information/message/feeling/attitude through humans or machines. It involves exchange of ideas when both the sender or receiver are in active mode which results in response.
What is traditional type of communication?
Communication is a process that involves and exchange of information thoughts ideas and emotions.The communication can bebroadlyclassified as verbal or non verbal communication.Traditional form of communication through mass media.
Which phase of the accounting process involves recognizing the effect of transactions on assets liabilities owner's equity revenue and expenses of a business?
Processing
