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Distinctions between management and financial accounting
We can observe that management accounting is less constrained than financial accounting. It may draw from a range of sources and use information which has varying degrees of reliability. The only real test to be applied when assessing value of the information produced for managers is whether or not it improves the quality of decisions made. Distinctions between management and financial accounting suggest that there are differences between information requirements of managers and those of other users. Though differences undoubtedly exist, there is also a good deal of overlap between these requirements.
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Liquidity refers to a company's cash position, availability of resources to meet short-term cash requirements, and overall ability to obtain cash in the normal course of business.
Q. Explain about Exchange-price or cost principle? When resources are transferred between two parties such like buying merchandise on account the accountant must follow the exc
How to prepare the worksheet Look carefully at worksheet in the text. Remember that it is an informal working paper used to prepare financial statements. Place transparenci
Assorted fund, a U.K.-based globally diversified equity mutual fund, is considering adding Talisman Energy Inc. (Toronto Stock Exchange: TLM) to its portfolio. Talisman is an indep
I''m trying to figure out how do do a journal entry. The question reads...a company purchased land worth $49,000 for an office by paying $6,300 in cash and signing a long term note
State the term - Partnership A partnership exists where at least two individuals carry on a business together with intention of making a profit. Partnerships have much in commo
If the amount in supplies expense is the january 31 adjusting entry and $650 of supplies waw purchased in january what was the balance in supplies on january 1
Oligopoly is a market where the supply is controlled by a little group of companies. In this condition, the actions of single company will have a material effect on the entire mark
They are likely to tests for tact, diplomacy, and with descriptive skills.
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