Define statement of operations.

Q: Define composition

A: Composition: The composition is the act of putting something jointly, or the grouping of rudiments…

Q: Define T- account.

A: Transaction:   It is an economic event that is recorded in the accounting system of an organisation.…

Q: Define Assigning.

A: Assigning is a process of assignment. Assignment means a transfer of a right to receive a…

Q: Define Account class exercise

A: Account class is the term used in the accounting software where there is need to classify customer…

Q: Explain principal (agency relationships)

A: Answer: Agent: An agent is one who provides work on principal’s behalf.  Principal approves agent to…

Q: Define suppliers.

A: Merchandising businesses: Merchandising companies which buy goods from suppliers, or manufacturers,…

Q: Define operating cycle.

A: Definition:   Merchandising businesses: Merchandising companies that buy goods from suppliers, or…

Q: Define agency relationship

A: Agency relationship is the part of business law where it is a legal relationship between the two…

Q: Describe the functions and powers of ASIC

A: Australian securities and investment commission is a commission made in 1998 of Australian…

Q: The document which sets out basic rules for how a compay is to run?

A: Every company operating as a limited liabilities corporation, partnership firm, or public company…

Q: Define target company

A: Companies expand by acquiring or merging with other companies. By purchasing companies, company can…

Q: Ratios are an input into which step in the fi nancial statement analysis framework? C .…

A: Ratio analysis is a quantitative approach of looking at the financial statements such as the balance…

Q: Describe WACC and its components.

A: WACC: The weighted average cost of capital (WACC) is a computation of   cost of capitalof a company…

Q: Define the term service company.

A: A service company is a business that generates income by providing services instead of selling…

Q: Briefly describe the key elements of an operating plan

A: An operational plan is an everyday objective planned to achieve the decisions made in the strategic…

Q: Explain the purpose of the conceptual framework.

A:

Q: Describe the usefulness of a conceptual framework.

A: A conceptual framework can be defined as a system of ideas and objectives that lead to the creation…

Q: Define tangible.

A: Tangible means anything that can be touched and  seen.

Q: Define the term performance obligations.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Define association.

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: Describe what is meant by transaction analysis.

A: Accounting Equation: Accounting equation is the mathematical representation of the relationship…

Q: Define Hedging.

A: Hedging is the transfer of risk from a risky financial instrument to another instrument by buying or…

Q: describe the steps in the fi nancial statement analysis framework.

A: Introduction: The analysis of financial statements refers to the method of reviewing and evaluating…

Q: Managemer be obiect

A: True

Q: Define operating activities.

A: Explain the meaning of operating activities:Statement of cash flows: This statement reports all the…

Q: Ratios are an input into which step in the fi nancial statement analysis framework? A . Process…

A: The analysis of financial statements is the method of review for the decision-making of a firm's…

Q: Define the term operating activities.

A: Operating activities are the functions of a business directly related to providing its goods and/or…

Q: Describe the features of JIT.

A:

Q: What are the operating activities? Give some examples?

A: The statement of cash flows is the statement which shows the change in the cash and cash equivalents…

Q: For what purpose are entity relationship diagrams used?

A:

Q: What does operating activities includes?

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: Define benchmark company

A: Benchmarking is a method of comparing the performance of the goods , services, or processes of a…

Q: Define structured note

A: A structured note is a debt obliged derivative that helps portfolio managers to provide their…

Q: Define Direct method

A: The Direct Method is Described Below -

Q: Define Prepayments.

A: Step 1 The outflow of money to reduce the liabilities occurred in the current accounting period…

Q: Define anchoring

A: ANCHORING- ''Anchoring is that the use of extraneous info, like the acquisition worth of a security,…

Q: Define controller

A: The controller generally reports to the chief financial officer of the company. In small companies,…

Q: Define the term attest function.

A:

Q: Discuss management responsibilities.

A: