what is the accounting?
Accounting is the practice of recording, classifying and reporting on a business transaction for a business.
It is basically recording of expenses, income, assets, liabilities and getting a consolidated picture of transactions made.
-What is accounting? -What is the difference between financial and managerial accounting? -What is the role of ethics in accounting? -What is the accounting equation? Provide an example -What are the financial statements?
Accounting 1. What is the difference between financial accounting and managerial accounting? As the managet for a firm, which one will you be more concerned with and why?
What is the purpose of accounting? Who are the users of accounting information?,
what are differences in manageria accounting, financial accounting and financial management and what are the benefits for each and who are the individuals that utilize information gathered from each function
What are the main differences in the role of financial accounting and managerial accounting?
PART 1 A) Explain what accounting is. Also, identify the users of accounting. B) How accounting helps in the recording process and Identify the basic steps in the recording process.
How is accounting for a partnership similar too accounting for a corporation? What are some significant differences in accounting for partnerships as compared to accounting for corporations?
Explain what financial accounting is and give example Explain what management accounting is and give example Write not less than 350 words
What is the purpose of generally accepted accounting principles (GAAP) and the accounting cycle? Is it possible to deviate from GAAP and the accounting cycle and still prepare financial statements? Why? What are some possible consequences of this course of action? Cite your sources APA
What are the differences between the financial and managerial accounting? Discuss. Financial accounting is a language used for communicating financial information that helps users make better economic decision. Discuss. What is meant by the accrual basis of accounting? Discuss. What are the differences between sole proprietorship, partnership, and corporations? Financial accounting information should have some characteristics in order to enhance the decision making. Discuss. Discuss how the choice of depreciation method can be used as a tool to increase reported...