ZuoTi.Pro
Question

| Question 4 1 pts When creating a report to communicate financial information, the manager must typically use a standard format that: O Is used by a healthcare trade organization O Is accepted in the accounting profession O Uses terminology that is accepted in your area of the healthcare industry uestion5 1 pts When creating a report to communicate financial information, the e to search
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
  • Is accepted in the accounting profession - CORRECT

Financial Information report should be prepared as per generally accepted accounting principles (GAAP) because it makes your financial statement standardize and comparable with other firm's financial statement.

Users of Financial statement like Investors, Top management etc., requires financial statement which is comparable with other competitor financial statement or with past performance to make decision that's why Financial report must be in a Standard format which is accepted in the accounting profession.

0 0
Add a comment
Know the answer?
Add Answer to:
| Question 4 1 pts When creating a report to communicate financial information, the manager must...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Question 2 1 pts A podcast can be used as a reference in an assignment topic. O True False 1 pts Question 3 When refere...

    Question 2 1 pts A podcast can be used as a reference in an assignment topic. O True False 1 pts Question 3 When referencing you must O Reference information sources in both the body of the assignment or report and in the reference list O Reference only those information sources that are publicly available O Reference information sources in the body of the assignment or report only o Reference information sources in the reference list only Question 4 1...

  • 1. Managerial accounting focuses on providing historical financial information to outside users including shareholders and creditors.

    1. Managerial accounting focuses on providing historical financial information to outside users including shareholders and creditors.2. Managerial accounting information must follow U.S. Generally Accepted Accounting Principles (CA AP)3. The control function is implemented to assess an organization's plan and may lead to recommendations for the future.4. The treasurer is typically in charge of all finance and accounting functions within an organization.5. The Institute of Management Accountants (IMA) provides formal guidance to help in choosing ethically acceptable courses of action

  • which one is true？ DI Question 1 2.5 pts Financial accounting information about a business organization:...

    which one is true？ DI Question 1 2.5 pts Financial accounting information about a business organization: O is primarily reported to outsiders through a set of reports called financial statements O is made available to investors and creditors by permitting them access to the accounting records O must be made available to the public by law, regardless of the size of the business O is generally available only to management 5 Question 3 The following information was taken from the...

  • Please correctly answer all parts of question #1 1. Financial statements and reports A Aa What...

    Please correctly answer all parts of question #1 1. Financial statements and reports A Aa What happened to assets, earnings, dividends, and cash flows during the financial year? Accounting practice in the United States follows the generally accepted accounting principles (GAAP) developed by the Financial Accounting Standards Board (FASB), which is a nongovernmental, professional standards body that monitors accounting practices and evaluates controversial issues. The Securities and Exchange Commission (SEC) requires all publicly traded companies to periodically report their financial...

  • Question 18 1 pts When participating in a war, wanton violence or unfair brutality must be...

    Question 18 1 pts When participating in a war, wanton violence or unfair brutality must be avoided and prisoners of war must be treated with respect. This principle is found in which area of just war theory? Jus ad bellum O Weapons of mass destruction Jus in bello O Terrorism

  • Question 9 0.4 pts The regulatory body that publishes publicly-traded companies' official financial statements is known...

    Question 9 0.4 pts The regulatory body that publishes publicly-traded companies' official financial statements is known as the: O Securities Exchange Commission (SEC) • Accounting Standards Board (ASB) o New York Stock Exchange (NYSE) Internal Revenue Service (IRS) Question 17 0.4 pts The rules governing the format and construction of financial statements of publicly traded companies are found among the standards issued by which governing body? Financial Accounting Standards Board (FASB) O Standard and Poor's (S&P) O Securities Exchange Commission...

  • Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility....

    Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility. Financial reporting is restricted by Generally Accepted Accounting Principles whereas reporting in Managerial Accounting has fewer rules. a) Why is it permissible to violate Generally Accepted Accounting Principles when preparing reports used strictly by company management? b) Should external users always have the same information as internal users? Explain. 2. The United States uses accounting standards developed by the Financial Accounting Standards Board (FASB)...

  • Question 1 0.4 pts The overall role of an operations manager is to: Control quality Schedule...

    Question 1 0.4 pts The overall role of an operations manager is to: Control quality Schedule deliveries Collect and organize shipments Convert inputs (raw materials) into outputs (goods or services) Question 2 0.4 pts Swisher cigar factory makes little cigars and big cigars on the same machine. This is an example of using: CAD CAM CIM FMS Question 3 0.4 pts The software system that determines the steps needed to produce a component and instructs the machines that do the...

  • Information Technology and the Future Lab #1: Creating a Decision Support Tool In this hands-on work,...

    Information Technology and the Future Lab #1: Creating a Decision Support Tool In this hands-on work, you will use Excel to create a simple Decision Support System (DSS). You can learn more about these systems in your text. This class of system is needed when the decision is not structured. It supports decision makers at any level of management and can support several interdependent and/or sequential decisions. These systems can be adapted to changing conditions, are easy to construct and...

  • can you check my answers? Question 1 1 pts Which of the following is/are the primary...

    can you check my answers? Question 1 1 pts Which of the following is/are the primary means of communication for gathering information while assessing management integrity? Communication with the client personnel, the client's industry peers and the previous auditor Communication with client personnel and with the client's industry peers, only Communication with the previous auditor, only Communication with the client's industry peers, only Question 2 1 pts What is the first stage of any audit? O Risk assessment Reporting Risk...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT