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Definition of ethics of accounting information?
Ethics of accounting information is providing accounting information to make good economic decisions in the financial statement of the organization.
How does accounting information help an organization?
It assist the organisation to mak decision on their financial statement.
What is accounting's purpose of the statement of government net assets?
The statement of net assets displays information about the government as a whole, reports all financial and capital resources, and assists the financial statement user
What is the main objective of Accounting Standards?
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an...
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
What is financial statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
What is a disclosure note in accounting?
Disclosures notes are part of accounting financial statements as in disclosure notes important information related to amounts or information in financial statement is provided to further clarify any information previously given or any other related information.
Define the purpose of accounting and identify the four basic financial statements?
The purpose of accounting is provide information to the users like investors ,financial institutions and to other clients. The four basic financial statements are balance sheet,income statement,cash flow,statement of retained earning.
When does an accounting prepare the financial statement?
monthly
What is Financial comparative statement?
financial comparison statement is a statement showing the trend in which financial figures are changing between two accounting period.
Where can someone find information on SFAS 157?
The SFAS 157 is the Statement of Financial Accounting Standards 157, which was issued in 2006 by the Financial Accounting Standards Board (FASB). Wikipedia has a lengthy in depth article on the subject.
Briefly describe concept of accounting information system?
Generally accounting information systems are a computer-based system of tracking financial activity in a company, and presenting that transactions in a organized financial statement. Currently, accounting software can be purchased off the shelf, which is much cheaper than when it had to developed by the company.
