0
Accounting helps the business create reports for both internal and external shareholders. Accounting also helps a business understand their financial position within the industry.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is the basic function of accounting code views?
To determine which groups can reallocate transactions to which accounting code segments
What is the 5 main function of accounting?
The 5 major functions of accounting are recording, classification, analysis and Interprets, Communication and Summarizing. These functions defines the accounting profession.
Basic function of financial accounting is to?
identifying, measuring, recording , classifying, summarizing, analyzing, interpreting, and communicating
What is the role of the finance function within a large organisation?
The role and the purpose of the accounting function can be identified 'to ensure the business's transactions are recorded and processed completely accurately and securely, and that relevant information is given to management'.
Example of functional structure?
The functionnal structure groups employees together based upon the functions of specific jobs within the organization. I used to work for a division of an internet service provider (ISP). The organizational structure at that division was functional. The organizational chart was as follows: Vice President - Sales Department (sales function) - Customer Service Department (customer service function) - Engineering Department (engineering function) - Accounting Department (accounting function) - Administration Department (administration function
What are the function and responsibilty of Cost Accounting?
What are the function and responsiblity of Cost Accounting
What is the function of general accounting in accounting?
to be General
What accounting function can be performed only by a CPA?
accounting functions
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 the cost accounting function assist in the management of a business?
the function of cost accounting is to provide management of differents acitivities in a business
What is the function of tally?
accounting info
What are the nature and function of accounting?
Numbers
Which ICS function records time accounting and procur?
Finance/Administration is the ICS function that records time, and provides accounting and procurement.
What The general accounting office assist congress in its oversight function by?
The General Accounting Office (GAO) assists Congress in its oversight function by __________.
What is retail accounting?
Retail accounting is the process of accounting for retail businesses. The accounting function in retail isn't significantly different from that of other businesses.
What are the function of the government in accounting?
to control the money
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.
