What the responsibilities of the firm of accountants as far as money laundary is concern.
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What the responsibilities of the firm of accountants as far as money laundary is concern.
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- What is the time value of money and why it is important to accountants?How do accountants and financial managers differ in their use of financial information? Why is cash flow more significant to a financial manager than it is to an accountant?How do accountants help businesses make informed financial decisions?
- What is the distinction between the accounting and finance functions? What function do they perform inside the business? Which of these two organizations engages in what activities?Which of the following is true of financial accounting information? Select one: a.It focuses on the past-oriented financial performance of a company. b.It is primarily used by managers to make internal business decisions. c.It is prepared based on cost-benefit analysis. d.It only measures the cash transactions of a company.Why is it appropriate to use cash basis accounting in yourpersonal life but not in the business world?
- What is the direct impact on accounting firms who provide financial planning and/or mortgage broking advice and what is the indirect impact on all accountants?What is the purpose of financial accounting in business, and how does it differ from managerial accounting? What are the different types of financial statements that businesses prepare, and what information do they convey to different stakeholders?.Accountants have important roles in virtually any business, organization or government agency that handles money. Companies that aren’t large enough to hire in-house accounting staff often hire accountants as outside contractors. Accountants also work for financial advisory firms, for banks, or as tax advisers. Based on the statement above, explain the reasons why company need to prepare an account.
- Why is it important for persons in marketing, accounting, production and other areas in the firm to understand finance?Which of the following concepts deals with the management of money in an organization? a. Bookkeeping b. Accounting c. Financial Management d. BankingWhat is the purpose of the accounting system, and how does it help businesses achieve their financial goals? Discuss the key elements of the accounting system and their roles in financial reporting.