What is the accounting equation and discuss how it impacts on the operations of a business?                                                                                                                                                       2. Why is liquidity critical for a business and how might this affect decision making?                                   3. Why is investment appraisal important to a business? Use examples to support your reasons.                        4. What is meant by relevant costs and critically explain their role in decision making.                                             5.  Discuss the benefits of the information contained in the Income Statement/Profit and Loss Account.

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: 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: Which of the following is true of financial accounting information? Select one: a.It focuses on the…

A: Financing accounting information determines the financial status and health of a business. This is…

Q: In a business, explain the significance of the Statement of Comprehensive Income and the Statement…

A: Financial statements include -  Income statement  Statement showing the financial position  Cash…

Q: Are financial statements accurate to evaluate business?

A: Financial statements refer to the written records that tell the financial performance and position…

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: he statement of profit or loss and other comprehensive income shows_______. Select one: a. the…

A: The purpose of the statement of profit or loss and other comprehensive income (OCI) is to show an…

Q: Management often considers which of the following when making business decisions? O both financial…

A: When making business decisions management considers factors like financial viability of the decision…

Q: You are required to prepare a reflection paper that incorporates your answers to the following…

A: Here are discussing the factors of the Accountant which are important to the business as well.  The…

Q: Based on the picture below, what is the importance of accounting in business?

A: Accounting is the process of recording business transactions, classify them into appropriate…

Q: Before making any major business decisions, why is it important to understand the impact of the…

A: Finance plays an important role when making any crucial decisions for the company. Important…

Q: I. Direction: Identify what describes the following statement. Write your answer on the blank before…

A: ____________________1. It pertains to the state of one’s personal monetary…

Q: If you were assessing the value of a business which two factors would you take into account and in…

A: In management, business value is an informal word that encompasses all types of value that influence…

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…

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A: Accounting is a system that identifies ,records and communicates relevant information that is…

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: Do you agree with the following statement: "Accounting is vital to the success of a business?"…

A: Accounting refers to the process of recording the financial transactions related to the business .…

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A: Financial activities are the activities of a corporation that are undertaken by the corporation for…

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: An explanation of the accounting role of a business. What is the purpose of the function, and why is…

A: Accounting is the discipline of recording and reporting on a company's financial transactions and…

Q: What are the types of Balance Sheet analysis and how can it help a business.

A: Balance sheet: The balance sheet depicts a company's financial position by recording all of its…

Q: Which of the following is a decision made by an internal​ user? A. How much money should the…

A: The financial statements of the business are used by various users including internal users 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: of using financial manage

A: Given information :  In simple words, Financial management entails the planning,, arranging,…

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A: In financial management there basically three decision in response to financial objective of wealth…

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A: There are two main forms of accounting being used by the business. One is financial accounting and…

Q: Direction: Identify what describes the following statement. Write your answer on the blank before…

A: Ratio analysis: Line-item data from a company's financial statements is compared  to  understand…

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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.

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

Q: Which of the following company kinds need financial information in order to function efficiently

A: The  Answer

Q: Financial statements should reflect a true and fair view of the business. Explain in your own words…

A: Financial statements are the reports those are prepared by an organization to estimate the…

Q: why do you think accounting is important especially on businesses?

A: Accounting is defined as the systematic and detailed recording of the financial transactions of a…

Q: An identifiable part of the company for which financial information is available is called…

A: Financial Statements are prepared by the management for the business entity for reporting purposes.…

Q: Do you agree with the following statement: "Accounting is essential to the success of a business?"?"…

A: Introduction Accounting is the process of documenting corporate financial transactions. It is the…

Q: 3 The major focus of accounting information is to facilitate decision making.  (a) As an investor…

A: Accounting information means financial statements and other accounting records produced in order to…

Q: Essay - cite sources: Besides earning a profit, what other objectives might a business have? How…

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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: 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…