Measuring business activities and reporting those measurements to external parties is the function of ______ accounting.

Business

1 answer:

Andru [333]3 years ago

3 0

Answer:

Financial

Explanation:

Basically, there are two forms of accounting for measuring business activities namely; Financial accounting and Management accounting.

Financial accounting involves the measurement of the business activities over a period using a defined framework or standard such as US GAAP, IFRS, etc. This is usually presented in a form of statements called the financial statements and is used by internal and external stakeholders such as Government, creditors, shareholders etc.

Management account is usually prepared for management purposes and measures the company's actual activities against the budget or plan.

The right answer is financial accounting.

You might be interested in

Aiden just landed a new full time job with a great salary. He currently lives in Virginia, but his new job is in Oregon. One of

olasank [31]

Answer:

<u>benefit</u> in terms of monetary assistance for relocating as there will be huge cost incurred by Aiden in relocation, as this is also important to relocate as the distance is too much that daily travelling is not possible, and for him Oregon is a new city and finding an accommodation is itself challenging therefore, when company at-least reimburses such cost of relocation it turns easy and removes a burden for relocation. Further this cannot be considered as wage or perk as this is not regular in nature and will not occur permanently.

3 0

3 years ago

The owner is his or her own boss

Yanka [14]

Answer: the owner is her own boss

let me know u need help

7 0

3 years ago

Which one of the following reports helps track past due bills and bills that are due shortly? Multiple Choice Accounts Payable A

Alenkasestr [34]

Answer:

Accounts Payable Aging Summary

Explanation:

The account payable aging summary refers to the summary of the past due bills and the bills which are due shortly. It shows the amount which we have to pay in the prescribed time limit i.e 30 days 45 days etc

Therefore the reports which is needed to track the past due bills and that are due shortly we called as the account payable aging summary

Hence, the first option is correct

4 0

3 years ago

Your company's human resource manager is away from the office on vacation, and you have four open positions to fill in your depa

DaniilM [7]

Answer:

An interview

Explanation:

Job interviewing is one of the most common methods companies use to recruit new candidates. The interview involves a conversation between prospective candidates and recruiting firm members, usually one candidate at a time.
However, there may be one or more members of the interview panel. Through the interview, the candidate's communication skills can be tested as there is an interaction between the interviewer and the interviewer

5 0

3 years ago

Does wealth make you happy? Yes, No - explain the reason for your response

xz_007 [3.2K]

Answer:

yes it makes.although it doesn't buy love and affection. it fulfills our need which makes us happy.

7 0

3 years ago