What is the impact of the credit and collection functions on the other parts of a business (or on its overall performance)?

Q: Briefly explain the different between Financial Manager and Account Manager in firm?

A: There are three levels in company: Strategic level, business level and lower level. For managing…

Q: What is financial reporting and why it is important for business organisation?

A: Financial Reporting:   Financial reporting is the financial results of an organization that are…

Q: what makes credit important to the business?

A: Credit can be the amount of money a business can borrow or can be termed as the ability of that…

Q: A profit-seeking commercial company that deals with money and credit?

A: The question is based on concept of nature of primary business. Primary nature of business describes…

Q: Assess the objectives of financial management and the role of different stakeholders in the…

A: Financial management in an organization refers management of aspects relating with funds. Financial…

Q: When it comes to financial accounting, what is the most important function?

A: The most important function of financial accounting is to provide financial statements to the users…

Q: How is finance related to other functional areas in a business organization (marketing, production,…

A: The question is based on the role of finance and its application in the business house. Finance is…

Q: Which ratios are suitable for analyzing the bank’s business performance?

A: There are many groups ratios used to measure the performance of banking sector: Liquidity…

Q: Please answer quickly: How do the objectives of evaluating financial condition differ between…

A: A creditor is a financial expert who evaluates the creditworthiness of assets, individuals, and…

Q: Explain the economic environment of financial accounting.

A: The economic environment of financial accounting.

Q: What is financial accounting environment?

A: Environmental financial accounting refers to use of information required by stakeholders which are…

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 is the role of accounting in business?

A: Accounting: Accounting is a process of documenting all the financial transactions of a business…

Q: t is the connection between the Accounting & Finance Process and the Accounting & Finance Modules in…

A: Accounting:     "A formal process of measuriing the events into money  terms and recording,…

Q: What is the importance of forecasting revenue and cost in the business?

A: The forecasting is a tool or technique that helps to forecasting the future revenue with the help of…

Q: What is the purpose of accounting in an organization?

A: Income Statement: The income statement helps an organisation understand the amounts of revenues…

Q: The importance of research on accountancy and business

A: Accounting is the process of recording the monetary transactions and prepare the financial…

Q: What is the importance of business valuation in the business?

A: Valuations are pivotal when it comes to achieving the objectives and understanding the value of the…

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

A: Finance means a money management system like Borrowing money, investing money, expenses money,…

Q: What are the skills and competence of an effective financial manager?

A: There are various skills that are required to become an effective financial manager some of the…

Q: Which of the following types of businesses require financial information to operate effectively?

A: The following types of businesses require financial information to operate effectively are:(1)…

Q: g and business adminis

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Working with a company that is able to pay its bills is important. The Balance Sheet is a great…

A: Balance sheet is a financial statement, which presents the balances of assets, liabilities, and…

Q: Why is financial information very important in business?

A: The importance of financial information an organization is given below as, Financial Information…

Q: What is the role of accounting in business ?

A: Accounting is the process of identifying, recording, summarising and analysing financial information…

Q: Describe the difference between the accounting function and the finance function? What purpose do…

A: The key difference between accounting and finance is that accounting mainly focuses on the…

Q: How do the various functional departments of an organization use financial planning (i.e. marketing,…

A: Financial planning can be defined as the process of evaluation of the current profitability,…

Q: Compare ways in which organisations could use management accounting to respond to financial…

A: Identifying financial issues: using budgetary targets, key performance indicators (non-financial and…

Q: What is the difference between accounting and business administration

A: Both accounting and administration are critical components of business operations. They are mutually…

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: What is the role of ethics in accounting and business?

A: Ethics means the principles that govern a person's behavior and activities. These are the morals…

Q: What are the key variables that influence a company’s investment in receivables?

A: The variables that influence the company investment in receivables are as follows, The level of…

Q: What is the positive and negative impact of the credit and collection functions on the other parts…

A: Credit refers to the debt and loan that is provided by the company to others at a certain rate of…

Q: How do you find total sales in financial accounting?

A: Total sales in accounting: It refers to the net revenue of the organization that is reported in the…

Q: What occurs when a business factors its receivables?

A: