Answer of the following question related to these characteristics and constraints. Jeff Brown is evaluating two companies for future investment potential. Jeff’s task is made easier because  both companies use the same accounting methods when preparing their financial statements. Which  characteristic does the information Jeff will be using possess?

The accounting process generates financial reports forboth internal and external users. Describe some of the specific groups of internal and external users

The primary objective of financial accounting is Group of answer choices A. to serve the decision-making needs of the company’s management. B. to determine whether to build, buy or rent a building. C. to provide financial statements to help external users analyze and interpret an organization’s activities. D. to provide information on the costs and benefits of producing a new product.

As the financial analysts of Mezza Holding Company you are required to write a Memo to the Financial Manager describing the performance of the company and your suggestions on future improvements based on the following financial statements. . State the purpose of your Memo. Describe and interpret ratio results and provide company’s performance analysis based on them.  Describe the weaknesses and strength of the company’s financial data. Provide suggestions on how to improve company’s performance.

What would your process be to ensure that all related financial details are allocated for and tracked so as to assist in making sound business decisions?

Which of the following options would most likely improve the timeliness of your company's financial statements?   Question 1 options:   decreasing the estimates of useful life of property, plant, and equipment.   changing the timing of when revenues are recognized.   changing from quarterly financial statements to monthly financial statements.   increasing the number of disclosures in the notes to the statement.     Fundamental qualitative characteristics include:   Question 2 options:   representational faithfulness and timeliness.   relevance and representational faithfulness.   materiality and verifiability.   relevance and comparability.

Identify the following statements and match it with the one of the qualitative characteristics of financial statement. Submitted Answers Prompts Choose a match The information provided to user to determine the company's growth or future potential Neutrality The financial Statements most be produced within a certain period that users can take advantage of information to make Predictive Value informative decision. Financial Statement is complete, neutral and free of material O Faithful represented statement, it means that it is.. Timeliness The information provided in the financial statement should not be biased to specific group of users.

Match each business activity with its description.Define accountingBusiness Activities Descriptions 1. Financing    a. Transactions related to revenues and expenses. 2. Investing  b. Transactions with lenders and owners. 3. Operating c. Transactions involving the purchase and sale of          productive assets.

What is the purpose of a statement of profit or loss for an entity? List three typical items that you would see in the statement of profit or loss for a computer service technician.