Q: advantages of financial accounting

A: Answer are as follows

Q: explain how financial management relates to general corporate policy

A: Financial management is a process of managing all financial resources. It is the process of…

Q: How does management accounting differ from financial accounting?

A: State the way in which the management accounting differs from financial accounting:Accounting is an…

Q: Discuss the role of GAAP in financial reporting

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

Q: ion Acquisition in Financial Ma

A: Step 1 When trading in the financial markets, investors gain knowledge of asset bases. Portfolio…

Q: Explain the economic environment of financial accounting.

A: The economic environment of financial accounting.

Q: Financial reporting information may be described in terms of its qualitative features.

A: This question explains about financial reporting information

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 are the quality information with regards to financial reporting?

A: Financial reporting is to communicate the financial position and its soundness to the shareholders,…

Q: Describe the conceptual framework of financial accounting.

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

Q: How does financial accounting perform its fundamental function?

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

Q: Management accounting focuses on     internal reporting.     tax preparation.     auditing.…

A: Management accounting: Under this accounting includes providing the information related to the…

Q: The importance of research on accountancy and business

A: Accounting is the process of recording the monetary transactions and prepare the financial…

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

A: Here is the Answer

Q: Discuss the concept of first principal designs in the development of financial services

A: First-principles design in the development of financial services refers to an approach that breaks…

Q: Define strategy in accounting?

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

Q: management accounting and financial accounting distinctions

A: Managerial accounting is the accounting used by managers and other internal users to make corporate…

Q: For the month of January, Vista Corporation produced and sold 12,000 units of a product.…

A: Variable costing includes all the variable expenses like direct material, direct labor, variable…

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: Define Common-size financial statements

A: Definition: Financial statements: Financial statements are condensed summary of transactions…

Q: Differentiate broadly between financial accounting and managerial accounting.

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

Q: Who enforces requirements regarding financial products and services? A. CCA B. ACCC C. ASIC D. ACL

A: The financial market is a constantly developing and growing market in which there are several…

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: Discuss the scope and application for smes standard in financial reporting

A: Introduction: Financial reporting is a standard accounting method that utilizes financial statements…

Q: Who regulates financial accounting and who regulates managerial accounting

A: Financial accounting: Financial accounting is different from managerial accounting. Financial…

Q: How distinguishes business administration form accounting

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

Q: ing vs Managerial accounting

A: Financial accounting is the process of recording, sum up and reporting a company's business…

Q: Differentiate between accounting and finance

A: Solution:- Accounting :- Accounting may be defined as "Accounting" is the process of measuring,…

Q: a. What are the techniques that are commonly used in Management accounting?

A: Management Accounting :— Management Accounting are also known as cost accounting of Management…

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

A: The answer: