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Explain how fundamental accounting concepts are used in preparing financial statements?
explain using various example, how the major accounting concepts are used in preparing financial statement??
Do the terms financial reporting and financial statement mean the same thing explain?
No they do not mean the same thing. Financial reporting is the more indept report. A financial statment are a subset of the total information in the financial report.
What are the four financial statements explain their basic content and why it is important that the statements are prepared?
balance sheet,income statement,cash flow statement,retained earnings
Explain what the Du Pont financial system reveals?
The system shows the various components affecting ROA, such as profit, non- current and current assets, and the most important figures appearing on the statement of income and the statement of financial position.
How do you explain the principle of working of ULN2803?
Explain the workin principle of uln and its abbreviation
What principle can be explain The flight of and airplane?
The Brenoulli's Principle.
1 Explain the working principle of a milling machine?
1. Explain the working principle of a milling machine?
Economist often says Theres no such thing as free lunch To which principle does this statement best apply Explain?
The principles for this question weren't listed. But this statement means that no matter what goods or services you receive they must be paid for by someone.
What principle can explain how a hydraulic device works?
archimedes' principle
Discuss and explain the impact of finance on the financial statements?
Businesses regularly put out financial statements such as the income statement, balance sheet and statement of cash flows. When these financial statements are released, they can have large impacts on the business and on the investors of the company. Therefore, it is critical for the business to ensure that the information the statements present is correct. thank you Swarup Dey
How do you explain accounting Cycle?
It is a process to record business transactions in ledger accounts and then generating useful financial information for example income statement, balance sheet.
How do consolidated financial statement differ from the financial of a single company?
Because consolidation is consolidation (meaning more than one company), the parent or majority company (50.01%) must integrate the financial details of the subsidiary company with its own. Often times the subsidiary has its own statement. This is very complex and takes time to explain. There are new rules for this and is discussed in Advanced Accounting courses. One must note that even if consolidated some of these companies are still publicly traded and managed by others not under the thumb of the parent company.
