All categories

2 years ago

Is the person responsible for general financial accounting, managerial accounting, and tax reporting.

Business

1 answer:

wlad13 [49]2 years ago

6 0

The CFO is usually responsible for general financial accounting, managerial accounting, and tax reporting.

<h3>What is the function of CFO?</h3>

The CFO can be described as one that is responsible for how the company's internal controls as well as the risk management policies are going to be functional to the maximum.

In conclusion, the CFO is responsible for all of the company's financial concerns , hence, The CFO is usually responsible for general financial accounting, managerial accounting, and tax reporting.

Learn more on CFO at:

brainly.com/question/23362065

#SPJ1

You might be interested in

An appraiser must not allow the intended use of an assignment or a clientâs objectives to cause the assignment results to be ___

attashe74 [19]

Answer:

biased

Explanation:

In general an appraiser must not allow assignment results to be biased. This is strictly stated in the Standards Rule 1-1(a) which states the following: "An appraiser must “be aware of, understand, and correctly employ those recognized methods and techniques that are necessary to produce a credible appraisal." Therefore, the appraiser must do everything in his/her power to provide credible and non-biased appraisals everytime.

4 0

4 years ago

Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officema

vivado [14]

Answer:

supplies 770* debit

office equipment 1,820 debit

cash 460 credit

accounts payable 2,130 credit

-- to transfer subsidiary purchase book into journal --

Explanation:

we will do a single entry for the whole purchases of the month.

we add the supplies purchases:

*supplies purchases:

Apr 4 460

Apr 16 120

Apr 19 190

770

We calcualte the accoutn payable balance:

account payable:

770 supplies purhcase + 1,820 equipment purchase - 460 payment = 2,130

then cash used for 460

and equipment purchase for 1,820

the purchases assets goes into debit side

while the account payable and the cash used on credit

7 0

4 years ago

The ______ is a flexible market that allows you to work short-term, independent jobs.

andreyandreev [35.5K]

Answer:

A. Gig economy

Explanation:

Gig economy is a job system where organizations and independent workers agree on short-term work contracts. The term Gig means a job for a specific time. The gig economy is growing fast. It is predicted that by 2020, 40m percent of all the workers in the US will be independent contractors.

The advance in technology has helped propel the popularity of the gig economy. Organizations can recruit workers from across the globe. The workers will perform their duties form any location and submit their work through technology.

Examples of workers in the gig economy include.

Freelancers
Independent contractors and professionals
Consultants
Temps (temporary contract workers)

8 0

3 years ago

Read 2 more answers

Match each situation with the term that best describes it. Use each term only once.

Dmitry [639]

Answer:

1. One of your subordinates only seems to respond to threats of punishment. What type of power should you use to motivate him?

h. Persuasive power

2. You manage a difficult subordinate who only cooperates when she feels that you have the formal authority to ask her to do something. What type of power should you use to motivate her?

b. Legitimate power

3. One of your subordinates looks up to you as a role model. What type of power should you use to motivate her?

a. Personal power

Explanation:

In any given situations there are different incidents that would require someone to apply different power in-order to manage the situation. This could be in form of motivation or deterrent method during the application of the power.

For example, in the case of the subordinate looking up to you as a role model, you should apply personal power in-order to motivate the person. the personal power will help you to build personal relationship between the subordinate and you.

7 0

3 years ago

Hubert lives in San Francisco and runs a business that sells boats. In an average year, he receives $842,000 from selling boats.

aev [14]

Answer:

Explicit costs are normal costs of operating a business.

Implicit costs are opportunity costs meaning that they are the benefits foregone by engaging in a certain course of action.

The wholesale cost for the pianos that Hubert pays the manufacturer ⇒ EXPLICIT COST.

The salary Hubert could earn if he worked as an accountant ⇒ IMPLICIT COST.

The wages and utility bills that Hubert pays ⇒ EXPLICIT COST

The rental income Hubert could receive if he chose to rent out his showroom. ⇒ IMPLICIT COSTS

Accounting Profit = Revenue - Explicit costs

= 842,000 - 452,000 - 301,000

= $89,000

Economic Profit = Revenue - Explicit costs - Implicit costs

= 842,000 - 452,000 - 301,000 - 38,000 - 48,000

= $3,000

If Hubert's goal is to maximize his economic profit, he should stay in the piano business because the economic profit he would earn as an accountant would be -$3,000.

Economic profit as accountant = Salary + rental income - accounting profit from piano

= 48,000 + 38,000 - 89,000

= -$3,000

6 0

3 years ago