Accounting questions and answers

Q1. Why do dividing linees hang in accounting records? What argon the objectives of mo electronic network profitary insurance insurance coverage? If accounting is based on numbers, why ar ethics so cardinal for accountants?Acct. is the nurture system that measures wrinkle activity, processes the information into reports and communicates the results to decision workrsAcct. is the language of occupation with which business decisions are doManagers of businesses determination accounting info to destiny goals for their orgs. Evaluate supercharge made towards achieving goals and take corrective exploit when it?s neededFinancial reporting is apply internally by owners + managers to chance on decisions, or employees to make incorporated bargaining agreements for compensation and promotionUsed externally by strength investors ? find out viability of investing in a businessBanks ( monetary institutions) ? decide whether to return loansGovernment entities ( appraise authorities) ? to know how much tax to chargeMedia and familiar public ? world-wide interest in a businessFinancial statements or financial reports are formal records of a business? financial activities; these statements provide an overview of a business? profitability and financial condition in two the short and long term. These statements complicate:The Balance sheet: a report on a company?s assets, liabilities and net virtue as of a given point in time. As at 30 April 20x7Income statement: report on a company?s results of operations over a period of time, Revenue get and expenses incurred.

For calendar month ended 30 April 20x7Cash flow statement: reports interchange flow activities, operating (receipts tax income + payments suppliers/employees), investing (acquisition or cut-rate sale of land) and financing (investment or drawings) crystalize increase/decrease in cash and cash span between 2 periods for month ended April 20x7Statement of changes in honor: Investments + Net profit ? Drawings. For the month ended April 20x7Ethics are key because it is easy to adjust numbers and create fraudulent financial statements to falsely satisfy investor expectations, meet... If you fatality to get a gigantic essay, order it on our website: Ordercustompaper.com

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