busi 105 accounting pricicpal paper

Discuss Controlling. Discuss the importance of two basic types of financial statements.

Chapter 22  Organizations determine whether to take on debt and how much to take on are common and necessary parts of financial planning. Explain the sources of capital that are available to an organization to obtain funds. Chapter 23  Explain why an organization should buy or lease when purchasing equipment.

Please Solve in 30mins

Sarah O’Hann enjoyed taking her first auditing course as part of herundergraduate accounting program. While at home during her semester break, she andher father discussed the class and it was clear that he didn’t really understand the natureof the audit process as he asked the following questions:a. What is the main objective of the audit of an entity’s financial statements?b. The audit represents the CPA firm’s guarantee about the accuracy of the financialstatements, right?

Describe the relevance and reliability of accounting information. How are these two characteristics assessed and why are they important for decision-making by external users of financial statements?

What are the advantages and limitations of financial statement analysis? Cite some factors to consider in analyzing the financial statements.

You work as a freelance accounting professional and have beenrecently engaged by the auditors of Life-Positive Inc. for anassignment. In examining the company’s records, you have extractedthe following information Life-Positive’s Account Balances 2021 ($) 2022 ($) Accounts Payable           24,600.00              21,250.00  Accounts receivable           15,700.00              12,340.00  Cash           23,450.00              28,600.00  Cost of goods sold           19,700.00              23,000.00  Depreciation           3,090.00               4,590.00  Dividends           5,800.00               10,800.00  Interest           2,340.00               2,890.00  Inventory           7,050.00               8,640.00  Long-term debt           28,000.00              30,000.00  Net fixed assets           41,500.00              48,000.00  Other expenses           2,400.00               2,800.00  Sales…

Which of the following statements best describes the overall purpose of management accounting?  A The management process of collating financial information to report to the financial situation of the business to stakeholders B The provision of useful information to help those running an organisation plan, control and make decisions C The production and analysis of investment appraisals to help an organisation make the correct strategic decisions going forward. D The identification and analysis of all costs incurred in a business to improve cost performance.

How can we reduce this risk in financial reporting process? "How does management ensure that information is being accessed only by authorized and relevant employees?” under the risks and control issues of financial reporting process?"

111

List the factors that should affect the auditor’s decision whetherto analyze an account balance. Considering these factors, list four expense accounts thatare commonly analyzed in audits.

1. Which of the following best describes Financial Management? A) It is the specialty area of finance concerned with financial decision-making within a business entity. B) It is concerned with the use of funds - the buying, holding, or selling of all types of assets. C) It is concerned with the procuring of funds that can be used for long-term investing and financing day-to-day operations. D) All of the other choices best describe Financial Management. 2. Which of the following least describes Financing Decisions? A) Financing decisions are concerned with the procuring of funds that can be used for long-term investing and financing day-to-day operations. B) It is focused on the proper acquisition of cash, cash equivalents, and trading securities for use in a company's operations and investments. C) It involves incurring of debt, through bank loans or sale of bonds, to finance a company's operation and investments. D) It also deals with dividend decision, which involves how much of a…

i need the answer quickly

As you will be creating your own accounting firm. Make a name for your firm as well as create a vision, mission, goals and objectives.

Discuss what the three main financial statements are and what they tell you. What do financial statement readers look for (e.g., risk, return, financial strategy, performance)? Discuss some of the interrelationships between the three main financial statements.

1. The finance discipline aims to help the business decision makers in answering key questions. How would you answer the following questions? Fully explain. a. Who is your primary customer? b. How company values select shareholder, customer, and employees? c. What critical performance variables would you be tracking? Why? d. How would you solve conflicts between management and shareholders? (Please correct information this finanas question)

50 Ratios can be grouped into certain categories, each of which reflects a particular aspect of the financial performance or position of an entity. Suggest the ratios which measure the extent to which assets can be quickly turned into cash. a. Earnings ratios b. Liquidity ratios c. Profitability ratios d. Interest coverage ratios Clear my choice

There are three ways: from Liabilities, from issuing Stocks, or from Profitable Operations. Describe each of these three ways and indicate where on the financial statements you could find the information about each. Hint: It might be in more than one place. Give the advantages and disadvantages for each. Give an example for each and show how you would record the transaction in the accounting. Please do not copy and paste from other websites.

The definition 'Management accounting is concerned with accounting information that is useful to management.' is given by: Select one: a. Institute of Chartered Accountants of England O b. The Chartered Institute of Management Accountants (CIMA) O c. Robert Anthony O d. Institute of Management Accountants (IMA)

Please help explain 23 and 24

What do you think is the difference of recording financial assets in regular business transaction and in Government Accounting? **simple, clear and concise answer is much appreciated. Thank you

When drafting financial statements, provide your understanding of what the term materiality means and its importance. Include an understanding of the changes made in 2018 by the Financial Accounting Standards Board that makes the term consistent with the U. S. Supreme Court interpretation. Be sure to consider and provide an assessment of both the quantitative and qualitative dimensions and include examples.

Refer to Wiley GAAP 2020: Interpretation and Application of Generally Accepted Accounting Principles, pages 2-25. Answer and discuss the following: When drafting financial statements, provide what the term "materiality" means and its importance. Include an understanding of the changes to "materiality" made in 2018 by the Financial Accounting Standards Board that makes the term consistent with the United States Supreme Court interpretation.

A number of tools and techniques have been used under management accounting to help management in achieving the desired goals. As a management accountant, justify the statement.