he purpose of financial accounting is: a. Future oriented b. Providing accounting information to internal users c. Helping managers to make decisions d. Communicating company position to external users

Q: The objective of financial accounting information is to provide information about the business…

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: 1. Define the term accounting and explain the importance of accounting in a business.

A: Hi Student, since there are multiple question so we will answer only 1st question, if you want…

Q: 4. Why do you think providers of finance are interested in a company's accounting information? 5.…

A: The accounting information refers to the financial reports produced by the company through…

Q: Which of the following refers to financial accounting? Question 9 options: a) Regulations or…

A: Financial accounting is a section of accounting profession which focuses on reporting transactions…

Q: accounti

A: There are various branches of accounting say Financial Accounting, Cost Accounting, Management…

Q: Management accounting is: a. Communication oriented b. Finance oriented c. Past oriented d. Future…

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

Q: The primary objective of financial accounting is to provide general purpose financial statements to…

A: FINANCIAL ACCOUNTING IS A METHOD OF DOCUMENTING , SUMMARISING AND REPORTING THE TRANSACTION ARISING…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: Financial accounting serves which primary function(s)?  a. Measures business activities. b.…

A: Financial accounting is a branch of accounting which deals into summarisation, analysis and…

Q: The basic function of financial accounting is to Select one: a. Interpret financial data b. Record…

A: Introduction:- Accounting is an art of recording, classifying, summarizing and interpreting the data…

Q: 1. Accounting being regarded as the performance of specific actions such as identifying, measuring,…

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

Q: Financial accounting is the primary source of information needed for decisio making, planning, and…

A: Note: As per the Policy,We’ll answer the first question since the exact one wasn’t specified. Please…

Q: The accounting that records and measures the financial transactions by following GAAP is: a.…

A: Internal accounting helps in analysing the internal transactions of the organization  Management…

Q: 1. Discuss accounting as the language of business and the role of accounting information in making…

A: Accounting can be referred as language of the business, as the financial statements of the firm…

Q: mation used in the financial accounting and management accounting Accounting Education b. a. Cost…

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

Q: Why is accounting quality important in financial analyst. Provide an example showing one of the…

A: The value of financial accounting is primarily defined by its quality. The core premise of…

Q: prudence concept a

A: Prudence concept is a fundamental accounting concept.

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: The title of this textbook is Accounting: The basis for Business Decisions. a. How does the title…

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

Q: laining the accounting role of a business. Why is the function required and what is its purpose?…

A: Accounting is very important for business because without accounting you will not b able to…

Q: What is the most important item that included in the notes to the financial statements? O a.…

A: Accounting principles means those set of standards which is followed while preparing the books of…

Q: Accounting is the process of identifying, recording, analyzing, and communicating financial…

A: Accounting : The accounting is defined as the process of identifying the financial transaction,…

Q: Accounting is the information system that a. measures business activities. b. communicates the…

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

Q: The framework for the model of business reporting includes all of the following, except: a.…

A: The framework for the model of business reporting includes all of the following a. financial and…

Q: An information system that provides reports to stakeholders about the economic activities and…

A: Accounting: The practice of documenting financial transactions that are relevant to a company is…

Q: What would your process be to ensure that all related financial details are allocated for and…

A: The accounting information or financial information is required for making sound business…

Q: Identify each of the following statements as related to either the objective (O) of financial…

A: The following statements are being assessed the factors related to the accounting information.

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: ess goals and activities and describe the role of accounting in making informed decisions

A: Accounting is a medium of communication, like any languages that we use. For example, two people can…

Q: Divide into groups as instructed by your professor and discuss the following:a. How does the…

A: a.

Q: Briefly explain the overall objective of a financial manager.  Include in your response any one of…

A: The overall objective of a financial manager is: Profit maximization Wealth maximization Creating…

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

A: Identify the users of the accounting:

Q: 1. State whether the following questions is True (T) or False (F).  a. Management accounting is…

A: Financial accounting is an accounting technique which records all monetary transactions, then…

Q: Management uses the financial analysis to: O Make decisions related to the operations of the company…

A: Solution: Financial analysis is a process of evaluating projects, budgets, business performance and…

Q: An economic event or condition that directly changes the financial condition of the company or…

A: A company is a kind of business entity that runs its business operations in order to earn income.

Q: Explain what management is, define accounting, and discuss the nature and purpose of accounting.

A: Management is the process of planning and organizing the resources and activities of a business to…

Q: -The purpose of financial accounting is: a. Future oriented b. Communicating company position to…

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

Q: dentify which branch or field of accounting provides the functions and services stated below. Choose…

A: There are several branches of accounting and these branches have their own purposes. These are:…

Q: The purpose of financial accounting is: a. Future oriented b. Communicating company position to…

A: The purposes of financial accounting is to provide information about company's performance to its…

Q: Financial accounting provides economic and financial information for all of the following except a.…

A: Financial accounting is the particular branch of the accounting that involves the procedure of…

Q: 3. The main objective of management accounting is _________ a. To record all the business…

A: Introduction:- Management accounting is the process of identification, measurement, accumulation,…

Q: The main user group of management accounting is the O A. managers B. investors O C creditors O D.…

A: Management accounting includes ascertainment and allocation of cost incurred during the period. This…

Q: An enhancing qualitative characteristics of financial accounting information is that: Information…

A: The criteria for enhancing qualitative characteristics of financial accounting information is…

Q: When did the business call accountable? 1. Business Activities are accountable when they are called…

A: The business calls accountable when business activities are the business transactions and business…