Q: Explain the difference between management accounting and financial accounting.

A: ANSWER : Basis of difference Management accounting Financial accounting 1. Meaning…

Q: Financial accounting serves what purpose

A: Introduction : Financial accounting The process of preparing financial statements, which comprise…

Q: An objective of financial reporting is

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

Q: ccounting

A: Account analysis would be delving into the specific line items that make up an account.

Q: What is financial accounting environment?

A: Environmental financial accounting refers to use of information required by stakeholders which are…

Q: task of financial accounting

A: Financial accounting is recording day to day business transactions to get a clear picture of…

Q: What is financial accounting process

A:

Q: How do Accounting standards Increase Financial Statement Reliability?

A: Accounting standards are established regulations for financial reporting from which widely accepted…

Q: explain in details financial management cycle

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

Q: What is financial accounting's principal purpose?

A: The financial accounting main and principal purpose is to allow the third parties to assess the…

Q: Describe the conceptual framework of financial accounting.

A: Conceptual Framework: A conceptual framework is a logical presentation of interrelated objectives…

Q: Explain the objectives of financial reporting.

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

Q: How does financial accounting perform its fundamental function?

A: This question clarifies how financial accounting carries out its primary duty.

Q: What is the distinction between accounting and business administration?

A: Here is the Answer

Q: Define strategy in accounting?

A: Strategic management accounting refers to the managing and analyzing finances of company which help…

Q: Define accounting earnings.

A: Accounting Earnings: Accounting Earnings is a Earning which stated on income statement. Accounting…

Q: Reasons why accounting is social science

A: Accounting The process under transactions that are financial in nature are recorded, analyzed, and…

Q: Differentiate broadly between financial accounting and managerial accounting.

A: Financial accounting:Financial accounting is the process of recording, summarizing, and reporting…

Q: Explain how to develop financial accounting and reporting standards.

A: The financial accounting and reporting standards are created by IASB

Q: Describe the function and primary focus of financial accounting.

A:

Q: Is there a distinction between management and financial accounting?

A: Accounting refers to a process through which all day-to-day activities or transactions occurred or…

Q: What Is The Primary Objective Of Financial Accounting?

A: Financial accounting: Financial accounting is the process of measuring the business activities of an…

Q: Who are the focused users/stakeholders of financial accounting and cost accounting?

A: Financial and Cost accounting are the major accounting area in an organization. It will helpful to…

Q: What is the objective of financial reporting?

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

Q: How distinguishes business administration form accounting

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…