PLEASE AANSWER AS SOON AS POSSIBLE 1. What is the purpose of financial management? 2. Describe the kinds of activities that financial management deals with. 3. How has financial management changed over the past several decades?
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PLEASE AANSWER AS SOON AS POSSIBLE
1. What is the purpose of
2. Describe the kinds of activities that financial management deals with.
3. How has financial management changed over the past several decades?
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- A major focus of this course is the process of financial reporting.a. What is meant by the term financial reporting? b. What are the principal accounting reports involved in the financial reporting process? In gen-eral terms, what is the purpose of these reports? c. Do all business entities engage in financial reporting? Explain.d. How does society benefit from the financial reporting process?Quinton, a financial manager, is responsible for all of the following except _____. Question 28 options: A) obtaining funds to pay for the company's investments B) conducting the company's everyday financial activities C) developing the company's financial statements D) managing the financial risks that the company takes E) determining the company's long-term investmentsWhat are the strengths and weaknesses of any socail media based organization for example facebook? Identify and explain the key activities of the financial manager in that organization. Explain why wealth maximization is a preferred goal over profit maximization for that organization? List at least 5 types of Financial Institutions which that organization might be relating with on a regular business basis during the execution of their work? Discuss the role of Time value of money in the profession of Finance and Accounting, particularly the two common views of Future value and Present value and also Ordinary Annuity andAnnuity Due. Compare and contrast.
- please answer this question as soon as possible it's a question of making a financial statement.I. Direction: Identify what describes the following statement. Write your answer on the blank before the number. ____________________1. It pertains to the state of one’s personal monetary affairs.____________________2. It measures the ability to generate earnings from its resources or investments. ____________________3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business. ____________________4. It measures the ability of the company to settle its short term debts. ____________________ 5. It measures how the business manage its assets or resources to produce output without wastage. ____________________6. It presents the financial statement amounts as a percentage of a base number. ____________________7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability. ____________________8. These users of financial information are interested…Direction: Identify what describes the following statement. Write your answer on the blank before the number. ____________________1. It pertains to the state of one’s personal monetary affairs. ____________________2. It measures the ability to generate earnings from its resources or investments. ____________________3. It measures the ability to generate profit that ensures to pay business expenses and maintain a long-term financial success of the business. ____________________4. It measures the ability of the company to settle its short term debts. ____________________ 5. It measures how the business manage its assets or resources to produce output without wastage. ____________________6. It presents the financial statement amounts as a percentage of a base number. ____________________7. It is used to evaluate a number of issues with an entity, such as its liquidity, efficiency of operations, and profitability. ____________________8. These users of financial information are…
- Chris, an ambitious person, wanted to expand his business and arrange his administration more efficiently. The following are a couple of the questions he asked. Provide brief but clear explanations that satisfy International Financial Reporting Standards and other applicable regulations: 1. What are source documents and how important is it to keep them? 2. What is the purpose of preparing financial statements and who, besidesthe owner, is going to use them? Your explanation must include twousers, other than owners, and briefly describe their needs.In the past few years, there has been substantial increase in the role of finance manager”, give your comments. Also explain in detail the role of finance manager in present day business enterprises.`Fill in the blank with these terms : long term, expense, balance sheet, Stockholder's equity, revenue, current revenue, service, costs, goods Revenues are monies an organization received in exchange for______ and______ it provides. Expenses are the ______incurred to generate .______ Net income is the difference between _______ and . ______ A________ indicates the financial position of an organization at a particular point in time. ______ assets generally are cash or will become cash within 1 year. ______ liabilities are obligations that must be paid after 1 year. ________ consists of contributed capital and retained earnings.
- The return on total assets is the focus of analysts, creditors, and other users of financial statements. 1. How is the return on total assets computed? 2. What does this important ratio reflect? 3. Return on total assets can be separated into two important components. Write the formula to separate the return on total assets into its two basic components. 4. Explain how these components of the return on total assets are helpful to financial statement users for business decisions.The area of finance address the issue of the efficiency of financial market in the allocation of recourses is known as: Corporate finance; Public finance: International finance; 2. A level of revenues, expenses and profit that occurred during a given accounting period are given in: Balance sheet; Income statement; A+B 3. Sales minus cost of goods sold is: Net profit; Operating profit; Gross profit; 4. The assets defined as cash and assets that will turn into cash within a year are defined as: Current assets; Non current assets; Fixed assets: 5. The liabilities due within a year are defined as: Current liabilities; Expenses: Non current liabilities; 6. Collecting of receivables and liquidation of assets concerns: Sources of funds; Uses of funds; Revenues: 7. Uses of funds are: Increase in a liability account and increase in an asset account; Payment of dividends and decrease in asset account; Increase in an asset account and payment of dividends; 8. New bank loan can be…What are the latest trends and developments in the field of accounting and finance, and how can organizations leverage them to improve financial management practices? Provide examples to support your answer