Financial accounting can also be described as a way to a. Tell the financial story of a company.b. Calculate the amount of taxes owed to the government.c. Determine employee satisfaction with their work environment.d. Measure the personal net worth of stockholders.

Q: What the responsibilities of the firm of accountants as far as money laundary is concern.

A: Money laundering is the process of obscuring the source of funds earned through illegal activities…

Q: define financial accounting and explain its role in business

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: ome specific activities that a financial manager does? For example: Review balance of company…

A: Financial manager have many important activities that need to be done on daily routine basis and…

Q: Accountants have important roles in virtually any business, organization or government agency that…

A: Account - It is the summarised presentation of all the events that are linked to a particular head.

Q: o use the reformulation of financial statements to discuss the firm’s strategy for running the…

A: Financial statement A financial statement refers to those which are prepared in order to ascertain a…

Q: The financial statements of a company are management's, not the accountant's.” Discuss the…

A: Financial statement: Financial statements are prepared to summaries the account at the end of the…

Q: Financial statements are an important element of any organization. Discuss their significance and…

A: Financial statements give a detailed picture of a company's financial situation at a specific period…

Q: Who is in charge of financial accounting and who is in charge of management accounting?

A: The Answer

Q: . State whether the following questions is True (T) or False (F): a) Management accounting provides…

A: As posted multiple independent questions we are answering only first three questions kindly repost…

Q: Research topics on the balance sheet.  Why is this financial statement so important to businesses?…

A: Financial statements provide a snapshot of a corporation's financial health at a particular point in…

Q: iness by providin information used in the financial accounting and management accouunting fiel…

A: Since we answer only one question, we will answer the first question. Please resubmit the question.…

Q: Management, not the accountants, prepares a company's financial statements. Think what what this…

A: The answer :

Q: What is the role of the accountant in setting and implementing the goals of the company?

A: Profit maximisation: It is the goal of every company to earn maximum profit along with the…

Q: How does financial statements help employees in decision making?

A: Financial statements are statements or reports that are prepared at the end of the accounting period…

Q: What is financial reporting and write the types of reports prepared in business organisation?

A: Financial reports are the reports that to be made available to the stakeholders/public by providing…

Q: What have you learnt in a course relating to financial accounting?

A: Answer: 1) Financial Accounting: Financial accounting is the method of recording, summarizing and…

Q: Explain how accounting is used to track and monitor the economic events that impact business…

A: Accounting is defined in simple terms as an art of keeping the record of financial transactions of a…

Q: What is the importance of financial statements in business? Mention what each financial statement…

A: Financial statements are imperative since they contain imperative data around the monetary wellbeing…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

A:

Q: Examine the business activity and decide for its classification from the choices below. Also,…

A: Cash flows from operating activities includes all cash inflows and cash outflows of the business…

Q: Financial Statements are important. They contain significant information about a company's financial…

A: Financial statements are those statements and reports that are prepared at the end of accounting…

Q: MCQS: External reporting is the result of?     (a) Financial accounting     (b) Management…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Discuss the role of finance in business. What is the purpose of financial management?

A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…

Q: Analyze and explain how accounting is used in business operations to track and monitor economic…

A: Accounting may be described simply as the skill of recording a business's financial transactions.

Q: A major focus of this course is the process of financial reporting.a. What is meant by the term…

A: Requirement a:

Q: What do you mean by accounting in business? Explain the Accounting Cycle in detail?

A: Accounting represents the process of recording the financial and non financial transactions in the…

Q: Assuming that you are one of the people who has the responsibility to manage the financial aspects…

A: Financial managers are the important people of the organization. They deal with financial aspects of…

Q: What is the direct impact on accounting firms who provide financial planning and/or mortgage broking…

A: Direct impact on accounting firms who provide financial planning and/or mortgage broking advice:…

Q: What is accounting? What type of information is provided by the accountants? How does an…

A: Meaning of Accounting: Accounting is the process of recording financial transactions pertaining to…

Q: The main purpose of financial accounting is: To provide useful information to stakeholders Keep…

A: Financial accounting is one of the branch of accounting. Process of recording, summarizing and…

Q: he purpose of financial accounting is: a. Future oriented b. Providing accounting information to…

A: Solution: The purpose of financial accounting is " Communicating company position to external…

Q: One among the following are economic activities or events in the business that can be measured in…

A: The business report shows the information of the different activities. and financial information of…

Q: Explain what the accrual foundation of accounting is and who is required to use it in your…

A: This question explains about the accrual foundation of accounting .

Q: Identifying users of accounting information For each user of accounting information, identify if the…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Many accounting professionals work in one of the following three areas. A. Financial accounting B.…

A: B. Managerial accounting - 1. Internal auditing A. Financial accounting - 2. External auditing B.…

Q: What is accounting and what is it about? Careers in accounting that you can go in Types of…

A: As per the guidelines, the solution to the first question is given below. For obtaining answers to…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Explain how managers use the accounting standards to manage company’s earnings

A: In order to meet the financial expectation and keep the stock price up, the management may be…

Q: Which of the following is an internal user of company's financial information? a. company treasurer…

A: Internal users of the financial information are the person whose interest is directly involved in…

Q: Accounting term

A: Option a is wrong because business assets may not be same with business profits and losses. Option b…

Q: Which of the following statement is true about purpose of accounting? Select one: a. The purpose…

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Many accounting professionals work in one of the following three areas.A. Financial accounting B.…

A: Accounting in business can take form of financial accounting, management accounting, cost accounting…