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UOIT has recently appointed you to prepare an independent consulting report to analyze the university's current financial position and to provide some recommendations for improvement. Before you begin your analysis, you decide to identify UOIT's various stakeholders. Stakeholders require accounting information that is useful for decision making. Please list 5 of UOIT's different stakeholder groups and in each case explain why evaluation and assessment of accounting information is important for them when making decisions. Could someone help me out a little bit with this writing assignment as in a little outline or what possible stakeholders of a university could be and why they would be interested in the financial information?
What do you recognize by Open Item Managed Account? Ans) Open item management make sures that all items that have not yet been cleared are available in the system. Only after ea
The resources as machinery, property, buildings and land rights etc. such a business owns are termed as assets. The money values allocated to assets are derived from the cost conce
Details: Costing products is a matter of considerable importance to organizations. The need for accurate product costs ranges from cost identification for inventory valuation purp
A characteristic organization chart for finance and accounting function is presented in following figure 2. You will notice the person at the helm of affairs the Director of Financ
Q. Explain about Amortize? Amortize -- to charge a regular part of an expenditure over a fixed period of time. Forinstance if something cost $100 and is to be amortized over te
can you show me a sample balance sheet with retained earnings included?
Q. What is Merchandise inventory? Merchandise inventory is the cost of goods on hand in addition to available for sale at any given time. To determine the cost of goods sold in
Q. What is Consistency? Consistency in general requires that a company use the same accounting principles and reporting practices through time. This concept disallows indiscrim
A department transferred 7,000 units to the finished goods storeroom during a month. There was no beginning work in process inventory, but 500 units were still in process at the
Q. What is Comprehensive income and Revenues? Comprehensive income is the alter in equity of a business enterprise during a period from transactions and other events and circ
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