Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income. False True

Q: Attributes about an entity- Select one. O a. Database O b. Record O c. Field O d. File

A: Attributes about an entity are fields.

Q: Define terminal date

A: Answer: In finance, horizon date is called as terminal value. It is the date from which individual…

Q: __is a necessary element for the successful warehousing of data EXCEPT

A: The Answer

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A: The sentences that a presenter or writer prepares to define the unity of decisions are said to be…

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A: Paid-in Capital Paid-in capital is that the total quantity cash equivalents contributed to a company…

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A: Perpetuity: It is a stream of cash flow that is presumed to continue for an indefinite period.

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A: PIMS (PID-MoF) - Public Investment Management  (Public Investment Division- Ministry of Finance)…

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A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

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A: Molding FabricationMachine Hours $      2,500.00 $      1,500.00Fixed Manufacturing Overhead cost  $…

Q: is the target of data flow. Select one: O a. Destination O b. Pass O c. Source O d. Stores

A: Which is the target of data flow as follows:-

Q: abbreviations

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Q: What is accounting explain briefly?

A: Accounting is a broad term and it also has many branches like Cost accounting, Management…

Q: What islockbox system?

A: Banks provide various services to the organizations such as lock box facility, overdraft facility,…

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A: Post Column : It is the Column through which book keeper identify whether journal entries are…

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A: When it comes to writing essays or papers, this are the things you have to consider: FORMAT:1.…

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A: The FASB issues an Accounting Standards Update (Update or ASU) to communicate changes to the FASB…

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A: For public organizations situated in the US, SEC Form S-1 is the underlying enrollment structure for…

Q: Found 3 accounting system controls.

A: An accounting system is a set of interconnected accounting procedures and controls. The goal of an…

Q: what is an example of data flow diagram, fixed asses system?

A: A data flow diagram (DFD) refers to a graphical representation of a flow of any information or…

Q: What is a proxy statement? What information does it provide?

A: Definition:   Proxy statement: Proxy statement is a statement required for seeking shareholders’…

Q: Which function in excel did you use

A: The concept of time value of money will be used here. The amount needed today will be the sum of…

Q: Formulas are missing. which formulas did you use?  Please clarify

A: The formula used is that of Future value. Future value is based on time value of money concept.…

Q: How to create the t account

A: T account is a representation of the legder that records business transactions. It is in the form of…

Q: 16. In an Excel worksheet, what would result in cell C5 from -NOT(C4-10) if cell C4-11? A. 10 B. 11…

A: =NOT(Cell reference=condition) function changes FALSE to TRUE , or TRUE to FALSE

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A: Net revenue = Gross profit + Cost of goods sold = 511000+673400 = $1184400 Operating expense = Net…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

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A: Internet:   Internet is the means of communication which connects one smart device with any other…

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A: Bonds payable is a liability account that holds the sum that the issuer owes bondholders.Given that…

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A: Forms in Access allow users to view database or edit it.

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A: A programming code is a set of instructions that a programmer gives to the computer by way of a…

Q: What are reverse journal entries? Are these required by GAAP?

A: Reversing entries are journal entries made at the beginning of an accounting period to reverse or…

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A: Quickbooks: It is an accounting software for small business. Accounting software maintains a records…

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A: __________ is a process by which information and understanding are transferred between a sender and…

Q: Differentiate between letters, memo and report?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: One business activity data have been entered in to the system, they must be to keep the database…

A: Once business activity data has been entered into the system, they must be data processed to keep…

Q: Define Tagging in XBRL

A: XBRL, or extensible Business Reporting Language, is an XML standard for tagging business and…

Basic Accounting Terms

Accounting terms are accounting terminology, accounting jargon, accounting acronyms, and accounting vocabulary that are commonly used to understand accounting fundamentals. It would be difficult for anyone to read, understand, and interpret the company's financial statements if they did not understand and know the meaning of the basic accounting terms.