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What is the primary objective of financial accounting?
its primary objective is to provide external reports called financial statements to help users analyze an organization's activities.
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.
The primary responsibility for the adequacy of disclosure in the financial statements of a publicly held company rests with the?
Management of the Company and those charged with Governance.
What is the responsibility of independent auditors?
The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.
What are the four primary accounting financial statements?
1 - Income statement 2 - Balance sheet 3 - Cash flow statement 4 - Statement of owners equity.
A sentence for primary source?
The primary source of information was from witness statements.
What is my primary insurance my husband's plan at work or medicare?
If you are covered under your husband's plan and he is working, his plan is primary to Medicare. If you are not covered under your husband's plan, Medicare is primary.
How would you describe the accounting cycle?
must have staff who prepare financial statements on a monthly, quarterly, and/or annual basis. To meet these primary objectives, a series of steps is required. Collectively these steps are known as the accounting cycle.
What is the primary purpose of substantive analytical procedures?
The primary purpose of substantive analytical procedures is to evaluate the relationships and trends within financial information to identify any discrepancies or anomalies that may indicate potential misstatements or errors in the financial statements. This helps auditors assess the reasonableness of account balances and gather evidence to support their audit conclusions.
Does a teenage driver have to be listed as the primary driver of one of the vehicles on the policy to be covered?
No. If he is listed at all, then he is covered. If he IS the primary driver of a vehicle, then he should be listed as such.
What are the two primary activities of the financial manager that are related to the firms balance sheet?
what are the two primary activities of the financial manager that are related to the firm's balance sheet
The primary private sector agency that overseas external financial reporting is?
The primary private sector agency that overseas external financial reporting is?
