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Um yes, yes it is.
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∙ 15y ago
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Advantages of cost accounting?
Cost accounting is a wonderful tool for the management to measure how the company resources has been utilized. It is very useful for the end users also.
What is benefit of using a spreadsheet in business?
The Spreadsheet is in Tabular Form and is useful for Accounting. Step by step calculations available only in Spreadsheet
What is accounting module?
An accounting module refers to a set of standardized parts of accounting that are used in teaching the accounting students. The accounting modules are usually broken down into a number of subjects to enable the learners to easily understand certain accounting concepts.
What is the 4 fields of accounting?
In accounting there are four main areas. They are as follows corporate accounting, corporate finance, public accounting and investment banking.
What is electronic accounting?
Electronic accounting is accounting that is not done in physical books, and ledgers that you can touch. Electronic accounting is done using software on a computer, or done online.
Why accounting is useful?
Accounting is useful because it keeps track of where the money is coming from and where money goes. It is useful to businesses and to individuals who want to track their spending and income.
Why are ethics crucial to accounting?
Accounting aims to provide useful information for decision-making. For information to be useful, it must be trusted. Trustworthiness of information demands ethics in accounting.
Which tools of management accounting is useful to check the solvency of company?
decision accounting
Explain the concept of social responsibility accounting?
social responsibility accounting is concern with modern approach of accounting which include to make accounting information useful to the society
Is an accounting degree useful if I want to become a financial analyist?
Yes, it's very useful. In fact, a financial analyst is one of the top five accounting careers according to http://www.topaccountingdegrees.com/top-five-accounting-careers .
How are cost accounting and financial accounting similar?
Simple answer: They both provide useful information to users. Thus is the true goal of accounting. Cost accounting users= managers Financial accounting user= shareholders
What extent is accounting information useful?
To keep accountants away from normal people. it's not useful at all.
What is principal of accounting?
The most important of the accounting is to comply with generally accepted accounting principles and standards and norms that conducted by accounting organizations. Accounting must have qualities characteristics. With these characteristics, it will be useful to users. Example for characteristics: relevance, reliability and comparability
What is the purpose of producing accounting information?
The primary purpose of accounting information is to provide useful information to help people make decisions.Stakeholders of a company are interested in the financial performance of that company, and therefore require accounting information in order to assess the company's well-being.In order for accounting information to be useful, it must be:UnderstandableRelevant/TimelyReliable/VerifiableComparable
What are the framework of accounting principle?
accountig principles shall be useful in having unified and transparent accountong records . They are also useful in making comparison and having better knowledge of accounting policies which have been followed by the company
A planned proces for providing financial information that will be useful to management?
accounting system
Is accounting useful for business?
yes. if you own your own business you will have to pay any employes that you have. If you know accounting you will be able to learn how to do payroll as well
