Financial accounting provides a historical perspective, whereas management accounting emphasizes (A) the current perspective.
<h3>
What is management accounting?</h3>
- Management accounting can be defined as the provision of financial and non-financial decision-making information to managers.
- In other words, management accounting aids directors in making decisions within an organization.
- This is also referred to as cost accounting.
- This is the method for distinguishing, examining, deciphering, and communicating data to managers in order to help them achieve business objectives.
- The information gathered includes all accounting fields that educate the administration on business tasks associated with the organization's financial expenses and decisions.
- Accountants use plans to assess the overall strategy of an organization's operations.
- Management accounting focuses on the present.
Therefore, financial accounting provides a historical perspective, whereas management accounting emphasizes (A) the current perspective.
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Answer:
Legal Risk
Explanation:
Legal risk are damage, financial, reputational losses or any other form of loss received by a business due to negligence in compliance with the law related to the business. They are prospective fines or loses that a business or an organization receives for not complying with the business law and regulations.
In this case, the prospective loss could come by associating with Azpak limited which have inadequate protection of intellectual property rights.
Answer:
do nothing.
Explanation:
Under the equity method, Johnson's investment in Rockford industries will only vary when Rockford distributes dividends (which reduces the investment amount) or when they earnings or losses. Johnson will recognize 30% f Rockford's earnings as income from is investment, and will also recognize 30% of Rockford's losses as a decrease in its investment (loss). The equity method is not based on stock price.
Answer:
(b) purchase contract with no contingencies.
Missing information:
The note was accepted on March 10
Answer:
$6,029.10
Explanation:
in order to answer the question, I assumed a 360 day year, so 60 days = 2/12 of a year
the note's value on maturity date = principal + accrued interest = $6,000 + ($6,000 x 9% x 2/12) = $6,000 + $90 = $6,090
bank charges = note's value on maturity date x discount rate x 30 days = $6,090 x 12% x 1/12 = $60.90
net proceeds = $6,090 - $60.90 = $6,029.10
