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What is the basic function of accounting code views?
To determine which groups can reallocate transactions to which accounting code segments
Function of accounting?
Accounting helps the business create reports for both internal and external shareholders. Accounting also helps a business understand their financial position within the industry.
Is the financial accounting standards advisory board the same as the federal accounting standards board?
The Financial Accounting Standards Board (FASB) is a private organization (within the Financial Accounting Foundation) that issues financial accounting and reporting standards for nongovernmental entities.
Why financial accounting defer with other disciplines?
Financial Accounting just deals with the recording, analysing and classification of financial statements. Whereby other disciplines related to Financial accounting deal with the information "recieved" from Financial Accounting. For example : Management Accounting deals with making decisions for the company's growth and stability, on the contrary Financial accounting provides the data to management accounting for its decision making process.
What are the basic accounting concept and their implication?
basic concepts of accounting
What are the 13 basic features of financial accounting?
13 basic features of financial accounting?
How do you get into Keller graduate school?
Yes, oracle financial services provides basic accounting services. Yes, oracle financial services provides basic accounting services. Yes, oracle financial services provides basic accounting services.aewr a
What are the primary objectives of the accounting function in an organization?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
How does cost accounting relates to management accounting and financial accounting?
cost accounting provides the basic information for both management and financial accounting.The similarities between government accounting and financial accounting is that both involves the balance of accounts.
What is the Difference between integrated and interlocking accounting system?
Integrated system is one which combines the cost accounting and financial accounting functions in one system of ledger accounts while an interlocking system has a cost ledger for the cost accounting function and a financial ledger for the financial accounting function.
A basic difference between managerial accounting and financial accounting is that managerial accounting?
One basic difference between managerial accounting and financial accounting is that managerial accounting is used internally instead of externally for investors. Managers use managerial accounting to determine what level of output is appropriate for their departments.
The basic objective of financial accounting is to?
provide quantitative information to users of financial positition.
What body has defined the purpose of financial accounting and reporting?
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"
What is computerrized financial accounting?
Computerized financial accounting means performing the accounting function using some kind of computerized accounting system or package like peachtree, quickbooks, SAP etc.
What are the four major of accounts?
The basic function of Accounting includes the creation, maintaining, managing financial records ranging from business transactions and maintaining the process of creating wealth. Accounting facilitates in order to assess the financial position of a certain business at any particular time.
The basic objective of financial accounting is?
The basic objective of financial accounting is the formulation of financial statements including the balance sheet, income statement and cash flow statement. Income statements show the company's operating performance quarterly or annually.
What is the Basic Elements of Financial Accounting?
The three basic elements of a financial accounting system include:1. Rules for determining what, when, and the amount that should be recorded2. A framework for preparing financial statements3. Controls to determine whether errors may have arisen in the recording process
