The rules that govern management and legal issues of a business are called A. ordinances B. bylaws C. constitutions D. statutes

Q: CHOOSE A, B,C OR D  Management accounting serves following purposes: A. provision of information…

A: Accounting for management is the practice of producing corporate operations reports to help managers…

Q: Explain the purpose of financial and management accounting within an organisation. provide an…

A: Managerial accounting: Managerial accounting is a system, or a process of gathering and organizing,…

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: Which of the following is not a primary function of the management accountant?a. Communicates…

A: Management accounting: Management accounting measures, analyzes and reports both financial and…

Q: The area of accounting concerned with providing internal users with information is called O a.…

A: There are mainly two types of users of accounting information - the external and . The external…

Q: is the process which provides information needed as a basis of making business decisions.

A: History of accounting the city of commerce is California.

Q: An organization’s investors and creditors will primarily use information provided by:a. the…

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

Q: Management accounting is used by  A. Internal managers B. Shareholders  C. External users D.…

A: Accounting is the process of recording and reporting the monetary transactions in the books of…

Q: Which of the following would not be considered internal users of accounting data for a company? a.…

A: The company produces accounting data in the form of financial reports and related disclosures. There…

Q: The documents which sets out basic rules for how a company is to run?

A: A company's constitution is a written text that lays down the laws that regulate it. It also…

Q: Based on your understanding, compare and contrast the three major forms of business organization…

A: A business organization is defined as an entity that is being incorporated with the aim to carry on…

Q: In accounting, an economic entity may be defined as- a. a business enterprise…

A: The accounting is based on various principles and standards.

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: How do the business processes and lines of business of a company influence the architecture of its…

A: AIS is an acronym for... Financial data may be retrieved, stored, managed, and processed using…

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: 21. Which of the following describes the purpose of a management accounting system? a) Recording the…

A: Management accounting system is an accounting system in which management takes decisions on the…

Q: different forms of business organization and the activities performed by each

A: Different forms of Business Organisation and the activities performed by each are discussed…

Q: e business activities

A: The financial statement is the major in accounting.

Q: Accounting is an information and measurement system that identifies, records and communicates an…

A: Accounting are often outlined because the method of recording, classifying, summarising the money…

Q: What effect do a company's business operations and areas of business have on the architecture of its…

A: The following will illustrate how a company's business procedures and areas of business impact the…

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: involves the development and 47 interpretation of accounting information intended specifically to…

A: Accounting is the process of collecting the relevant financial information, summarising and…

Q: Which of the following is TRUE of both financial accounting and management accounting? a. The…

A: Solution Concept Financial accounting               The accounting that is done for the purpose of…

Q: As used in the definition of accounting, an economic entity may be a. a business enterprise b. an…

A: Answer is 'D'.  All of the above An economic entity may be a business enterprise or  an individual…

Q: How do the business processes and lines of business of a company influence the design of its…

A: The business processes and lines of business of a company influence the design of its accounting…

Q: Why is the accounting cycle critical to a business's success? (examples of why certain actions are…

A: Answer: Accounting cycle can be defined as the whole procedure that is run for any business to…

Q: financial statements in any business organization

A: Financial Statements of the company include income statements, balance sheets, and cash flow…

Q: what are the accounting standards codification and how companies apply them to their activities?

A: Accounting standard: It is a set of basic rules and principles which is set by the Financial…

Q: The title of this textbook is Accounting: The basis for Business Decisions. Explain how the…

A: Decision making is the process of making choices by gathering information. It helps in making…

Q: Determine and distinguish the different forms of business activities of business organizations.

A: Business entity is the firm which uses the economic resources for providing the goods and services…

Q: Discuss how the basic principles of accounting is applied in business organizations. Give examples.

A: The basic principles of accounting that is applied in business organisation are: 1. Business Entity…

Q: What makes up the Financial Structure of a business?

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Explain the following for a manufacturing, retail, or service business: The primary purpose of the…

A:

Q: Financial accounting shows the result of the collective activities of the business. Select one: O…

A: Financial accounting is accounting for the financial data and preparation and presentation of…