D196- Principles of Financial and Managerial Accounting Questions and Answers Graded A
140 views 1 purchase
Course
D196
Institution
D196
D196- Principles of Financial and Managerial Accounting Questions and Answers Graded A bookkeeping day to day keeping of transcations
steps of decision making identify issue gather information identify alternatives select option that most likely results in desired objective
accounting analysis of...
D196 - Principles of Financial and Managerial Accounting Questions and Answers Graded A bookkeeping ✔✔day to day keeping of transcations steps of decision making ✔✔identify issue gather information identify alternatives select option that most likely results in desired objective accounting ✔✔analysis of events record and report financial effects of business activities where does capital come from (3) ✔✔investors creditors(lenders) business itself (from earnings retained) 2 main types of accounting ✔✔financial and managerial managerial accounting ✔✔gather and analysis of information for internal use and decision making. financial accounting ✔✔gather, report, analysis of information for external users - investors and creditors. summary of a business what does managerial accountin g review ✔✔product cost, breakeven analysis, budgeting, performance analysis, outsource production what does financial accounting review ✔✔credit analysis, financial health, estimate value of the company examples of external financial reports for financi al accounting ✔✔annual report, financial statement, balance sheet, income statement, statement of cash flow balance sheet ✔✔reports assets and liabilities. basic. list as of a point in time. as of today, as of yesterday income statement ✔✔how much did y ou ,ake period of time - from nov to jan statement of cash flow ✔✔where did the cash come from and where did the cash go period of time - from nov to jan lender ✔✔lends money with intend to get it back plus interest. need current income, existing obligations, existing assets, payroll stub, tax return, monthly payments, bank stmts investor ✔✔buys into your company. looks at if the business is profitable, wh at they are buying, buying obligations, potential future projections what forms will the manager of a business use ✔✔both financial and managerial fasb- what does it stand for, who are they and what do they do ✔✔financial accounting standards board priva te group, not govt agency, no legal authority, conducted of people from a variety of business related backgrounds. establishes financial accounting and reporting standards for private sector companies 1 of the two boards that make up GAAP gasb- what doe s it stand for, who are they, what do they do ✔✔governmental accounting standards board sets accounting and financial reporting standards for state and legal governments. authority over financial reporting by government entities 1 of the two boards that ma ke up GAAP gaap ✔✔generally accepted accounting principles sec ✔✔Securities and Exchange Commission regulates us stock exchange. provides investors with full and fair information about publicly traded companies. legal punishment iasb ✔✔International Acc ounting Standards Board develop international accounting standards. made up of members from many countries
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BrilliantScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
