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Novosadov [1.4K]
1 year ago
13

Financial and Managerial Accounting Indicate whether each phrase is more descriptive of financial accounting or managerial accou

nting.
Business
1 answer:
Marina CMI [18]1 year ago
4 0

Financial accounting Indicate whether each phrase is more descriptive of financial accounting or managerial accounting.

<h3>What is Financial accounting?</h3>

Financial accounting is the branch of accounting concerned with the summary, analysis, and reporting of a company's financial transactions. This entails preparing financial statements for public consumption.

The primary goal of Financial Accounting is to reveal the business's profits and losses and to provide a true and fair view of the business, with the goal of protecting the interests of various stakeholders, both internal and external to the business.

In practice, financial accounting's main goal is to accurately prepare an organization's financial accounts for a specific period, also known as financial statements. The income statement, balance sheet, and statement of cash flows are the three primary financial statements.

To know more about Financial accounting follow the link:

brainly.com/question/26380452

#SPJ4

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Judge whether the following statement is true or false.  ​One of the key​ player(s) that the financial manager works with is the
Sauron [17]

Answer:

True

Explanation:

One of the key roles of any manager is controlling the operations under his authority, and the two main tools that a financial manager has to help him/her control the operations under his/her department are the financial controller (internal auditor) and the external auditor firm. In an ideal world, the financial controller should be enough to do this job, but in the real world, things can get complicated and it is always better to have a different point of view. There is always the possibility that the financial controller is not performing his/her job properly, and the external auditor will help us notice this flaws.

8 0
3 years ago
Kelly finds that her intended improvement, a veterinary clinic, is allowed by the zoning classification of her land only if she
Anit [1.1K]

Answer:

D) a conditional use permit.

Explanation:

A conditional use permit is a type of permit which requires the use of the discretion of the state for approval.

In this scenario, Kelly finds that her intended improvement, a veterinary clinic, is allowed by the zoning classification of her land only if she gets specific approval for that single use. This is most likely an example of a conditional use permit.

6 0
3 years ago
Timmy can edit 2 pages in one minute and he can type 80 words in one minute. Olivia can edit 1 page in one minute and she can ty
RUDIKE [14]

Answer:

True

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people

To calculate comparative advantage, first find the opportunity cost:

Opportunity cost of timmy editing = 80/2=40 words

Opportunity cost of timmy typing = 2 / 80 = 0.025

Opportunity cost of oliva editing = 100/1= 100

Opportunity cost of oliva typing = 1/100=0.01

Olivia has a comparative advantage in typing while timmy has a comparative advantage in editing.

Olivia types more words than timmy, therefore she has an absolute advantage in typing.

Timmy edits more pages than oliva, Therefore, he has am absolute advantage in editing.

I hope my answer helps you

7 0
3 years ago
The particular market segment your company is trying to sell your products or services to is your _________.
Dafna11 [192]
Should be target market
3 0
3 years ago
Organizations can use common core security principles recommended as industry best practices when developing policies, standards
egoroff_w [7]

Answer:

Timeliness principle.

Explanation:

Industry best practices can be used by various organizations as common core security principles to manage and control most, if not all of their assets and resources. These security principles can be adopted during the process of developing organizational policies, standards, baselines, procedures, and guidelines to effectively and efficiently manage the organization.

Timeliness principle can be defined as a principle which states that all stakeholders involved in the securitization of an organization and assets must act in a timely manner for the constant monitoring of the current and future state of the organization's assets, so as to avoid the integrity of its security being breached or compromised.

Hence, the principle which typically specifies that all personnel, assigned agents, and third-party providers should act in a timely manner to prevent and to respond to security breaches is known as the timeliness principle.

4 0
3 years ago
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