Tracing transactions through the information system relevant to financial reporting.
Financial reporting is the process of documenting and speaking monetary activities and performance over particular time intervals, usually on a quarterly or every year basis. corporations use monetary reports to prepare accounting data and document on contemporary economic status.
Financial reporting includes the subsequent: external economic statements (earnings announcement, statement of comprehensive earnings, balance sheet, declaration of coins flows, and declaration of stockholders' equity) The notes to the financial statements.
Financial reporting is crucial for management to make informed business decisions primarily based on information of the company's financial health. potential investors and banks may also use your enterprise's financial reporting to decide if they need to make investments or loan you money.
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Answer:
Compound interest is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Interest can be compounded on any given frequency schedule, from continuous to daily to annually.
Explanation:
People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.
Answer:
D: is the same as normative economics.
Explanation:
Positive economics is the same as normative economics that is the branch of economics that involves the summary as well as an explanation of economic events. It concentrates on events and behavioral connections of cause and effect and it too involves in the development and examination of economic principles. sometimes Positive economics is explained as the economics of what is'' while normative economics explains "what ought to be".
