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Financial period start 1st april and end in the 31st march of next year. in the end of year find out profit and loss. some industries have long financial period it's depend up on the industies work period
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What are some services offered by NCO Financial?
NCO FInancial, which belongs to the NCO Group, offers several services. Some of them are Accounts Receivable Management and Healthcare Revenue Cycle Management.
What is financial reengineering?
Financial Re-engineering is the radical redesign of business processes and organisational structure in order to achieve significant improvements in performance, such as productivity, cost reduction, cycle time, and quality.
Why are financial markets essential for a healthy economy?
A healthy economy is one where the distribution of wealth is relatively equal and there is high volume of trade and commerce. Financial markets transfer funds from buyer to seller. This encourages equal growth of economy. The more cycle of money flows the better.
How do you make a sentence for financial?
we are not rich. We are facing financial problems.
Who is better a financial planner or a financial advisor?
Almost all financial planners are financial advisers, but not all financial advisers are financial planners. Both of them must be a Certified Financial Planner (CFP). Financial planners are the ones who deal with financial tools to evaluate all areas of financial life including your savings, investments, retirements, taxes and estate planning, and help you to make a plan.. While for financial advisers, they are the ones who recommend things about your financial stature and help you to reach your financial goals.
Explain the term accounting cycle why is it cycle?
Series of steps in recording an accounting event from the time a transaction occurs to its reflection in the financial statements; also called bookkeeping cycle. The order of the steps in the accounting cycle are: recording in the journal, posting to the ledger, preparing a trial balance, and preparing the financial statements.Its is an cycle because when the financial statements are made at the end of the year and after the closing of the financial year u have to start ur business again for the new financial year. So everything u do repeats again. Hence, it is a cycle. Hope it answered the question.
What financial statement element is closed at the end of an accounting cycle?
revenues
The most important output of the accounting cycle is the financial statements?
true
What is the focal point of the accounting cycle?
focal point of accounting cycle
What is accounting cycle?
An accounting cycle is basically all of the accounting procedures. This starts with journal entries and ends with the financial statements and closing of temporary accounts.
What is the accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What is the cost accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What are some services offered by NCO Financial?
NCO FInancial, which belongs to the NCO Group, offers several services. Some of them are Accounts Receivable Management and Healthcare Revenue Cycle Management.
Must a chart of accounts prepared at the start of every accounting cycle for every financial period?
Generally the answer to this question is no, a chart of accounts does not have to be set up for every financial cycle, usually the chart of accounts is set up in the beginning of the business, when the business is first created, it is updated periodically too allow for new accounts to be added to the chart, but it is not set up each cycle from scratch.
What is financial reengineering?
Financial Re-engineering is the radical redesign of business processes and organisational structure in order to achieve significant improvements in performance, such as productivity, cost reduction, cycle time, and quality.
What is the period for lta to get tax exemption?
The Tax Exemption follows the standard financial year cycle. If you travelled in August of the year, you will claim tax exemption in the financial year that ends in the March of the next year.
Which part of the accounting cycle provides information to help a business decide whether to expand its operations?
financial statment
