Which of the following is not a function of accounting? Interpreting Bookkeeping Budgeting Od Reporting

Q: Difference between financial statements and budgeted financial statements.

A: Financial statements are written records that convey the business activities and the financial…

Q: Which accounting technique gives the most relevant information (net cost or gross invoice price)

A: The most relevant information of accounting technique will be explained:

Q: budgetary

A: Budgetary accounts can be defined as those accounts which are prepared in order to reflect the…

Q: In what ways does revenue recognition differ from other financial accounting procedures?

A: Definition: Every corporate entity should record revenues when they are generated, regardless of…

Q: Which of the following is not a  management accounting report? A.Income statement B.Sales forecast…

A: Management accounting reports: Management accounting reports are those reports which are prepared…

Q: How do Accounting standards Increase Financial Statement Reliability?

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

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: What of the following is not a step in the general ledger and financial reporting cycle? a. Prepare…

A: The accounting cycle is a set of procedures or processes used by firms to record, categorize, and…

Q: How does assignment of accounts receivable differ from factoring?

A: Financial Management  Financial management is the area of business concerned with allocating the…

Q: How do cost management and financial accounting differ?

A: The accounting is a process to identify, classify and record the transactions of the business and…

Q: financial plan which serves as a framework of accounts A. Appropriation act B. Budget C.…

A: Introduction:- A financial plan is the heart of any business. It gives clear financial picture of…

Q: Which of the following is not a general-purpose financial statement?   Retained earnings statement…

A: The general purpose financial statements are used to provide financial information about the…

Q: what the difference between accounting income and economic income?

A: Accounting income can be defined as an estimate of the performance in the operations of the company.…

Q: What is financial reporting environment?

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

Q: What are the differences between EVA and net profit in accounting

A: Introduction : Businesses may assess investment prospects using economic value-added and accounting…

Q: what is the relationship between accounting and financial disclosure and company's budget?

A: Accounting cycle can be defined as the entire process of recording a single business transaction in…

Q: What is the meaning of Revenue recognition on financial statements?

A: When a company has genuinely made money, according to revenue recognition, is the question. Revenue…

Q: How does the concept of uniformity relate to comparability in the accounting literature?

A: Accounting, which is frequently referred to as simply "accounting," is the process of gathering,…

Q: Accounting Elements that affect receivables - discount, returns and valuations

A: Accounting elements that affect Receivables, discount,returns and valuations are credit…

Q: Which of the following are not tools of management accounting a. Cash Flow Statement b. Ratio…

A: a. Cash Flow Statement - It records the movement of cash from one period to another . It shows the…

Q: Discuss the difference between the financial reporting system and general ledger system.

A: A general ledger, or GL, is a system for recording all of a company's financial transactions.…

Q: Which file has as its primary purpose to provide historical financial data for comparative financial…

A: General Ledger is collection of all the accounts in an accounting system. It is also known as…