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What else can I help you with?
Is it possible to prepare financial statements without the help of trial balance under accounting for incomplete records?
no
The output of financial accounting is?
The output of the financial accounting is preparation of financial statements.
The purpose of Statements of Financial Accounting Concepts is to?
The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.
What is accounting estimate?
The accounting estimate is a financial approximation. This approximation is used for financial statements to make financial statements more accurate with their crediting and debiting.
Where can you get financial statements?
Apple inc published accounting statements
Of what must the accountant be cognizant in order to compile financial statements?
the form of its accounting records, the stated qualifications of its accounting personnel, the accounting basis on which the financial statements are to be presented
What has the author David Alexander written?
David Alexander has written: 'Financial accounting' -- subject(s): International business enterprises, Accounting, Finance, Financial statements 'Financial accounting' -- subject(s): International business enterprises, Accounting, Finance, Financial statements
What has the author L Todd Johnson written?
L. Todd Johnson has written: 'Recognition in Financial Statements' -- subject(s): Financial statements, Realization (Accounting) 'Reporting financial performance' -- subject(s): Financial statements, Accounting, Standards
What si accounting standard?
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
Describe the uses of financial accounting?
describe various uses of financial statements
Can we prepare financial statements using cost accounting?
Cost accounting primarily focuses on capturing and analyzing cost data to aid in internal decision-making, rather than preparing financial statements. However, the information derived from cost accounting can inform financial statements by providing insights into costs and profitability. While cost accounting is essential for managerial purposes, financial statements are typically prepared using financial accounting principles, adhering to standardized guidelines like GAAP or IFRS. Thus, while they can complement each other, cost accounting alone does not suffice for preparing formal financial statements.
What is the purpose of an audit?
The purpose of an audit is to add credibility to the financial statements of a business organization.To give credence to the accounting records, accounting polices and financial statements of an audit client.
