kapalte ae Kallags lI1.KABANAYANG PAMPAGKATUTONamisuri ng ang hal wng penseaik anliiJavudn it tda ta panl irs-IVa-100Your Task 3. Which Is which?Steps in answering task:A Analyze each business scenariosB. Identily the right branch of private accounting being ilustrated innach number.C Justify your answer by providing a short axplanation of the servicesof your chosen branch1. Ramon Ginuc collects financial docurmenti or financial evidences such as official receiptsbiln, promissory notes, and many others because he is in-charged of recording andanalyoing all the busines transactions so that he can make comprehensive and accuratefnancial reports2. Lester Matapang is a hired accounting stalf of BIC Supemal. The mal has five hrancheswithin the Philippines: One of his job descriptions is to evaluate each branch f they arecomplying with the collection and depost policy of the comparry.3. Domingo Galang is a veleran employee of XYZ Company. He is expert when it comes topreparation of the over-all plan by evaluating the cost of services and the types of companyoperations eaming the most profits11

Answer: Financial Accounting : The major objective of Financial Accounting is to formulate financial…

1. Ramon Ginuo collects financial docurnetits or finiancial evidences such as official recepts bile, promissory notes, and many others because he is in-charged of tecording and analysing all the business transactions so that he can make comprehensive and accurate financial reports.

1. Ramon Ginuo collects financial docurnetits or finiancial evidences such as official recepts bile, promissory notes, and many others because he is in-charged of tecording and analysing all the business transactions so that he can make comprehensive and accurate financial reports.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Fraud

Fraud in accounting is the planned manipulation of financial documents to make a false appearance of corporate financial health. Moreover, it includes an employee, accountant, or the company itself misleading investors and shareholders.

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kapalte ae Kallags l
I1.KABANAYANG PAMPAGKATUTO
Namisuri ng ang hal wng penseaik anlii
Javudn it tda ta panl irs-IVa-100
Your Task 3. Which Is which?
Steps in answering task:
A Analyze each business scenarios
B. Identily the right branch of private accounting being ilustrated in
nach number.
C Justify your answer by providing a short axplanation of the services
of your chosen branch
1. Ramon Ginuc collects financial docurmenti or financial evidences such as official receipts
biln, promissory notes, and many others because he is in-charged of recording and
analyoing all the busines transactions so that he can make comprehensive and accurate
fnancial reports
2. Lester Matapang is a hired accounting stalf of BIC Supemal. The mal has five hranches
within the Philippines: One of his job descriptions is to evaluate each branch f they are
complying with the collection and depost policy of the comparry.
3. Domingo Galang is a veleran employee of XYZ Company. He is expert when it comes to
preparation of the over-all plan by evaluating the cost of services and the types of company
operations eaming the most profits
11

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