Q.1.1 Q.1.2 Q.1.3 Other than investors and management, who else would be interested in the financial information of a business? P List 4 other users and explain why they would be interested in the financial information. List 2 questions you think investors would be asking themselves prior to deciding whether or not to invest in a business. Management accounting is one branch of accounting. In your own words discuss the other branch of accounting.

Q.1.1 Q.1.2 Q.1.3 Other than investors and management, who else would be interested in the financial information of a business? P List 4 other users and explain why they would be interested in the financial information. List 2 questions you think investors would be asking themselves prior to deciding whether or not to invest in a business. Management accounting is one branch of accounting. In your own words discuss the other branch of accounting.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain. Step 2: Describe thestrengths and weaknesses of an accountant for icecream business. would they be good accountants?step 3:Compare and contrast manual accounting with computerized accounting, How are theydifferent?
Career
MULTIPLE CHOICE: 1. These users need accounting information in evaluating the stability of the business in so far as their job security, future remuneration, and career growth and opportunities are concerned. A. Employees B. Creditors C. Auditors D. Regulatory authorities 2. All of the following describe accounting describe accounting, except A. A service activity B. An information system C. A universal language of business D. An exact science rather than an art.
financial accounting List 3 transactions an office manager would encounter using specific details and analyze the relationship between the success of the business. For example how would each transaction impact the income statement and balance statement of your company? Illustrate your claims using specific examples.
If someone asked you now if you think accounting is important in our society, what will you say?
"Do you agree with the following statement: "Accounting is essential to the success of a business?"?" Explain.
True or False: Financial accounting primarily serves the external users of the business, such as management, employees, and owners, who use financial accounting information to make decisions. Select one: True O False
Essay - cite sources: Besides earning a profit, what other objectives might a business have? How can Accountingplay an important role in these objectives?
Question 8 Accounting reports should be developed so that users without knowledge of economic and business can become informed about the financial results of a company. A. False B. True C. need more information to answer the question D. all of the above answers are wrong.
Q: How do managers use accounting in day-to-day operations? How have you used accounting in your work? Where are all the places in a business firm that accountants could work? (Think of all major areas in a large firm) How can knowing more about accounting help you be a better manager?
Which explains why accounting is 1 poi called a language of business? * Accounting reports the financial transaction of the business Accounting information is useful to the investors and creditors Accounting provides the non-financial information of the business Accounting has its own technical O terms that managers are expected to understand