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What are the difference between cost accounting and financial accounting?
Prime role of cost accounting is to calculate the cost per unit of product produce while financial accounting deals with financial reporting of company's performance.
What are the three major business activities in which accountants play a major role?
Financial Accounting, Managerial Accounting, and Auditing.
What are the roles of Management in Accounting?
The role of management levels in accounting is to get full information about the financial position in the organization to get the decision
What is the role of an accounting department in a corporation?
Role of accounts department in a corporation is: · Financial accounting: financial and fixed asset reporting; payroll; accounts payable · Accounting function: maintain the general and subsidiary ledgers; process and record all revenues and prepare general purpose financial statements in compliance with IFRSs · Accounting oversight and guidance to other internal departments to ensure the gaap, legal requirements, policies and procedures - all consistently applied to maintain the integrity of the financial records. · Management accounting - budgeting, performance evaluation, cost management, asset management
What is the role of the accounting department?
The Accounting Department's mission is to create, debate and disseminate knowledge about the measurement and communication of financial and non-financial information that will inform our students, alumni, managers and capital market participants and facilitate rational financial, economic and policy decisions.
What are the difference between cost accounting and financial accounting?
Prime role of cost accounting is to calculate the cost per unit of product produce while financial accounting deals with financial reporting of company's performance.
Why is Financial Account?
Financial accounting is important because they play a vital role in the every field of life. Mostly in all types of business financial accounting is used.
What are the three major business activities in which accountants play a major role?
Financial Accounting, Managerial Accounting, and Auditing.
What are the roles of Management in Accounting?
The role of management levels in accounting is to get full information about the financial position in the organization to get the decision
What is the role of accounting in the information age?
Accounting has a great value in information age. It is a system that identifies, records and deliver financial information that is relevant, reliable and comparable in order to help users to make better and accurate decisions.
What is the role of an accounting department in a corporation?
Role of accounts department in a corporation is: · Financial accounting: financial and fixed asset reporting; payroll; accounts payable · Accounting function: maintain the general and subsidiary ledgers; process and record all revenues and prepare general purpose financial statements in compliance with IFRSs · Accounting oversight and guidance to other internal departments to ensure the gaap, legal requirements, policies and procedures - all consistently applied to maintain the integrity of the financial records. · Management accounting - budgeting, performance evaluation, cost management, asset management
What is the role of the accounting department?
The Accounting Department's mission is to create, debate and disseminate knowledge about the measurement and communication of financial and non-financial information that will inform our students, alumni, managers and capital market participants and facilitate rational financial, economic and policy decisions.
Explain the role of accounting in economic development of a country?
It help improve the transparency, comparability and accountability of financial reporting.
What are the major role of financial accounting?
Financial accounting is one of the two main forms of accounting performed by a business. The other form is managerial accounting, which involves the breaking down of various numbersFinancial planning is important to insure that needs can be met. It requires money to support yourself and your family, and if you spend it without planning why or how, you might.
What role do people play in a computer system?
computer play a vital Role in a Day to Day life, what is the Advantage and Disadvantage of Computer?and what are the role that computer play in day to day activities?
What is the role of the general accounting office?
The General Accounting Office (GAO) is the investigative arm of congress in Financial issues. It reviews the spending activities of Federal agencies, studies Federal programs, and it recommends ways to improve the financial performance of the government.
Describe the role of the general accounting office?
The General Accounting Office (GAO) is the investigative arm of congress in Financial issues. It reviews the spending activities of Federal agencies, studies Federal programs, and it recommends ways to improve the financial performance of the government.
