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We are here left along with statement (d) that defines an accountant as a professional and emphasize his pre-occupation within management of information for internal utilization as management accounting function and for external utilization as financial accounting function. We are positive; our discussion of accounting like an information system has made it simpler for you to comprehend this responsibility of the accountant. We may explain that information management is not necessarily linked with sophisticated or high tech regions of computers. Undersized firms may 'manage' information without a substantial degree of mechanization or automation. Frequently the role of accounting in small business is not correctly recognized. It is widely identified that a large number of small businesses fail and do not survive beyond some years. One of the main purposes for their failure is that they don't have an adequate information system to assist their managers to control costs, to forecast cash requirements and to plan for growth. Organizations that have poor accounting system frequently find this considerably complicated to obtain finance from banks and outside investors.
Q. Explain about Long-term investments? A long-term investment habitually consists of securities of another company held with the intention of (a) obtaining control of another
A good purchased for $480 sells for $700. If the store's operating expenses are 30% of cost, what is the percentage markup on cost? A. 1.5% B. 10.57% C. 15.83% D. 4
I need help understanding my Accounting 205 class. Would some one please help me understand what I am having such a hard time comprehending.
Two companies enter into loan agreements on 1 March 2012. On that date they also enter into an agreement to swap the loans. The details for each company and loan are: L R R Hood
ACCT225-1204A-01 Introduction to Tax Task Name: Phase 5 Individual Project Deliverable Length: All applicable tax forms and a Word document of 1–2 pages Details: Weekly tasks or
Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.
the books of deven verma could not be tallied.the accountant transferred the difference of Rs.1270 in the suspense account on the debit side the following mistakes were found later
Q. What is Cost-benefit? Cost-benefit The cost-benefit consideration engrosses deciding whether the benefits of including optional information in financial statements exceed th
Problem 1: i) Assess the importance of accounting in the Public Sector. ii) How far has the Governmental Accounting Standards Board (GASB) changed financial reporting, ass
2 deprecation on equipment is calculated at 10% per annum on cost price new equipment for R400 was purchased on 1 December 2012 and has been recorded
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