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What else can I help you with?
What is the steps to prepare consolidared financial statements?
Prfit and lost
Prepare financial statements directly from an adjusted trial balance?
Yes
What organization governs the guidelines a CPA will use to prepare financial statements?
name the organization that governs the majority of the guidelines that the CPA will use to prepare the financial stetments
Involves the review and evaluation of the records that are used to prepare the organization's financial statements?
auditing
The ledger that contains all accounts needed to prepare financial statements is the?
source document
Short note on accounting policies?
They are specific procedures used by a company to prepare its financial statements.
Why is it necessary to prepare the formal financial statements if all the data are on the adjusted trail balance?
Yes! The adjusted trial balance is the first step in preparing the financial statements. As that is done, completing the financial statements are relatively easy. The trial on it's own is difficult for people to understand.
Must audited financial statements be signed by the auditor?
Yes audited financial statements are jointly signed by auditors as well as management of company as an acknowledgment.
Usefulness of accounting theory to practicing accountant?
it is useful in guiding them to prepare and understand the financial statements and report
How often do publicly traded corporations typically prepare financial statements for external reporting purposes?
quartwly
Is it possible to prepare financial statements without the help of trial balance under accounting for incomplete records?
no
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
