4. Using Full PFRS instead of SME’s PFRS in a business supposed to used SME’s PFRS was there a material effect on the presentations of financial position and financial operation? How?

Q: define financial accounting and explain its role in business

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Explain the usefulness of the concept of "profit" to users of accounting information.

A: Profit means the amount the business entity earns by selling its products or services or both. It is…

Q: Who is in charge of financial accounting and who is in charge of management accounting?

A: The Answer

Q: 1. the essential characteristic of accounting is a. Communication of economic information to…

A: Accounting is the process of recording transactions from the voucher and then preparing accounts, by…

Q: How can diff erences in accounting methods aff ect fi nancial ratio comparisons between companies,…

A: Financial Ratios of a Company affect the statement of affairs which also relates to risks,…

Q: why do businesses produce financial statements?

A: INTRODUCTION: Financial statements are detailed documents produced by the management of a company to…

Q: How does earnings management channel stuffing impact financial statements

A:

Q: True (t) or False (f) ______ Financial accounting is the process of identifying, measuring,…

A: The Statement is "True (t)".

Q: That a business may only report activities on financial statements that are specifically related…

A: Accounting concepts are those rules and regulations which are used for the purpose of accounting and…

Q: Conceptual Framework of Accounting Question: How does it inform decisions about; what is…

A: The conceptual framework of accounting is a set of principles, objectives, and guidelines that guide…

Q: Question True /False 1) The primary function of financial accounting is to provide relevant…

A: Financial Statement includes Income Statement, Statement of Retained Earnings and Balance…

Q: Accounting type Question: Short term analysis of financial statements is mainly related to A.…

A: Ratios for financial statements may be classified as efficiency ratio, liquidity ratios,…

Q: What is included in the financial section of a business plan?     a. the industry, business…

A: Financial section of the business represent the financial position of the firm now and what it will…

Q: (b) “The Matching Principle is the essence of financial accounting, with significant implications…

A: The statement in which the revenues earned by the business, the expenses incurred during the period,…

Q: Which of the following types of businesses require financial information to operate effectively?

A: The following types of businesses require financial information to operate effectively are:(1)…

Q: I need answer correct, please, ,, 34. Which of the following is the external user of financial…

A: A company's financial results, financial status, and cash flows are summarized in a set of reports…

Q: hat are the three types of financial management decisions? For each type of decision give an example…

A: In financial management there basically three decision in response to financial objective of wealth…

Q: What are financial accounting's two main functions?

A: The answer:

Q: When it comes to financial statements and financial reporting, what's the difference?

A: Financial statements and financial reporting will be explained: