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Sati [7]
2 years ago
10

CA1.4 (LO 1) (Financial Accounting) Omar Morena has recently completed his first year of studying accounting. His instructor for

next semester has indicated that the primary focus will be the area of financial accounting. Instructions a. Differentiate between financial accounting and managerial accounting. b. One part of financial accounting involves the preparation of financial statements. What are the financial statements most frequently provided? c. What is the difference between financial statements and financial reporting?
Business
1 answer:
natima [27]2 years ago
4 0

Answer:

The complete answers are below.

Explanation:

a) The main difference between Financial Accounting and Managerail Accounting is its purposes and the stakeholders who make use of the information that each one provides.  

While financial accounting refers to the aggregation of accounting information in the financial statements, management accounting refers to the internal processes used to account for business transactions.

For instance: Financial accounting reports on the results of an entire business, Managerial accounting reports at a more detailed level. Financial accounting must comply with various accounting standards, whereas managerial accounting does not have to comply with any standards when information is compiled for internal consumption.

b) The financial statements most frequently provide are: Balance Sheet or Financial Position, Income Statement, Statement of cash flows and Statement of Changes in Equity.

c) In general, financial reports and financial statements differ in the formal status of financial statements in business and accounting, and these respond to standards such as GAAP and IFRS. While the financial reports have a format or presentation rules given by management, the financial statements, in the other hand, are prepared on regular basis as specific entities are required to do so according to applicable laws. It can be said that financial accounting provides financial statements and managerial accounting is responsible for financial reports.

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an initial public offering (ipo) represents the first time a corporation's stock is offered and sold to persons outside of the c
LekaFEV [45]

True, an initial public offering (IPO) represents the first time a corporation's stock is offered and sold to persons outside of the company.

An initial public offering(IPO) or stock release is a public providing wherein stocks of an employer are offered to institutional investors and normally also to retail traders. An IPO is commonly underwritten by one or greater funding banks, who also arrange for the stocks to be indexed on one or extra stock exchanges.

Via IPO, colloquially known as floating, or going public, a privately held organization is transformed into a public organization. preliminary public offerings may be used to elevate new equity capital for companies, to monetize the investments of personal shareholders such as agency founders or personal equity buyers, and to permit smooth buying and selling of existing holdings or destiny capital elevating with the aid of becoming publicly traded.

A stock is a popular term used to describe the ownership certificates of any organization. A percentage, then again, refers to the stock certificate of a particular business enterprise. preserving a specific organization's share makes you a shareholder.

Learn more about IPO here: brainly.com/question/15738101

#SPJ4

5 0
1 year ago
Why would a sole proprietorship or partnership need to submit a DBA form for the company?
Feliz [49]
If you’re a sole proprietorship  or general partnership, you’ll need to file a DBA if you want your company to operate under a name that’s not your full, legal name, or your partner’s name. That’s because sole props and GPs are unincorporated, and they don’t need to file entity formation papers, and a business entity name, with the state. (Though they do still need to acquire the necessary business licenses and permits.)

So, they and their business are one in the same entity—which means they and their business have the same name, too—unless they file a DBA. 




I hope it helped you!

7 0
2 years ago
Read 2 more answers
The beginning Cash account balance is $38,700. During the period, cash disbursements (outflows) totaled $144,600.
anzhelika [568]

Answer:

D. $157,100

Explanation:

                                                                                  Amount in $

Beginning Cash account balance                           38,700

Cash disbursement (outflows)                                 (144,600)

Cash inflows                                                           <u>     xxxx        </u>

Ending balance                                                      <u>     51,200     </u>

<u />

Cash inflows =  51,200 + 144,600 - 38,700

                      =  $157,100

The right option is D. $157,100.

7 0
2 years ago
I need help please... :) Thank you so much
valina [46]

Answer:

gotta start off with how much i love your quackity pfp <3

Explanation:

1. I would suggest putting the education on your parents credit card. A student loan could be a livesaver in the moment, but if it can`t be paid off it will stick to you as future debt. This is especially hard to get rid of if you were having to take out a loan in the first place, because you don`t/didn`t have the money for it.

2. (this one im not as sure about so get a second opinion if you can) If the card was opened as a Target card, then it can only be used for the store assiciated with it. Also known as RedCard, Target cards are specifically for shopping and buying merchandise in that store or any corresponding locations.

Hope this helps ;-;

8 0
2 years ago
Read 2 more answers
The focal point of most ads is _____.
ipn [44]
The focal point of most ads is the center of interest, it’s what first catches your eye. It is the most important part of the page that everyone would notice and be persuaded by.
4 0
3 years ago
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