Accounting fundamentals for healthcare management : chapter 1 1. Explain the primary functions of finance ?...
Accounting fundamentals for healthcare management : chapter 1
1. Explain the primary functions of finance ?
2. Explain the primary functions of accounting?
Homework Answers
Ans) 1) Primary functions of Finance:
- FINANCING activities include transactions with lenders and owners.
- INVESTING activities generally include the purchase or disposal of productive assets.
- OPERATING activities relate to earning revenues and incurring expenses.
2) The primary functions of financial accounting are:
- To measure business activities of a company
- To communicate information about those activities to investors and creditors and other outside users for decision-making purposes.
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