by The financial performance of an entity is calculated Select one: A. a decrease in expenditure. B. a decrease in liabilities. C. an increase in assets D. income minus expenditure.

Q: if a firms expense equal or exceed it's revenue what actio might management take

A: Explanation is given below,

Q: hich of the following elements of financial statements is most closely related to company…

A: Financial statements are important reports that provide financial data about a firm at a certain…

Q: What is the use and purpose of Financial Performance Measures and Non-financial Performance…

A: Although financial indicators are vital for performance evaluation, many businesses utilize a…

Q: An objective of financial reporting is

A: Financial reporting uses financial statements to disclose financial data that indicates the…

Q: How are organization expenses reported?

A: Expense: It can be defined as the cost of running a company's operations to generate or earn…

Q: describe how to evaluate an entity's solvency using financial ratios .

A: Introduction:- Ratio analysis used identify the business performance of the company. It is used to…

Q: Who Governs The Financial Reporting Standard?

A: Accounting controls: These are the internal controls which ensure continuous reliability of…

Q: Discuss the role of GAAP in financial reporting

A: Generally Accepted Accounting Principles (GAAPs) are the accounting procedures or standards that lay…

Q: Define financial intermediary

A: A financial intermediary is a firm that goes about as an agent in a money related exchange between…

Q: Explain the composition and elements of a financial environment and how they interrelate with one…

A: The whole financial system is about getting the money from savers and proving it to who need it…

Q: explain in details financial management cycle

A: The financial management cycle represents the cycle for the management of the finance of the…

Q: financial assertion

A: Financial assertions are statements made by management in an an assertive way regarding the items in…

Q: How are the income statement and balance sheet connected?

A: Income statement: The financial statement which reports revenue and expenses from business…

Q: Explain the objectives of financial reporting.

A: Financial reporting: Financial reporting is the procedure used to communicate the information…

Q: Define “Financial assets"; list them and explain their evaluation criteria in the balance sheet

A: A balance sheet is a financial statement that shows the assets, liabilities, and the shareholder…

Q: Define each of the following terms:a. Capital structure; business risk; financial risk

A: Introduction: While selecting a capital structure main motive of the company is shareholders wealth…

Q: Explain the composition and elements of a financial environment and how they interrelate with one…

A: A financial environment consists of banks, insurance companies, stock exchange, pension funds etc.…

Q: What is ascertained from the income and expense of an entity?

A: Profit and Loss is the difference between income or expense.  If income is more than the expense, it…

Q: What is the purpose of a financial management system?

A: Financial Management system A Financial management framework is the procedure and programming that…

Q: What are pro forma financial statements based on?

A: Pro forma financial statements are financial projections that show how a company's financial…

Q: What is financial reporting environment?

A: A short introduction to Financial Reporting- Basically it is a standard accounting practice that…

Q: When an organization considers its work-in-process, how should it be classified on a balance sheet?…

A: Work in process is a part of the inventory component of balance sheets, Inventory is categorized…

Q: Importance of Financial System

A: The financial system consists of insurance companies, banks, stock exchanges that facilitate the…

Q: What is the equation that shows the relationship between elements of financial data

A: The equation that shows the relationship between the elements of financial data is shown hereunder :…

Q: What is the objective of financial reporting?

A: Financial reporting: Financial reporting is the procedure to communicate the information obtained…

Q: Explain the scope and enbironment of financial management

A: Finance is an indispensable part of any organization. Without finance it is difficult for every…

Q: Why is continuity assumption,separate entity assumption and cost principle so important for…

A: Continuity means the assumption and principles will be continued to be followed every year so that…