It is to provide its users relevant, timely information that helps them make better economy decisions.
What is the goal of the accounting system?
100
The most common method Financial managers use to evaluate capital budging proposals is?
What is To compute their Net Present Value.
100
25+17-9+=
What is 33
100
Financial accounting is primarily intended to provide?
What is information to external stake holders, such as stock holders, creditors, and government regulations.
200
Managers, stockholders, employees, creditors, suppliers, government agencies .
Who are the main users of accounting ?
200
What does FASB stands for?
Financial Accounting Standards Board.
200
Liabilities + Owners Equity=
What is Assets
200
This prepares customized reports designed to address specific problems or issues.
What is Managerial Accounting
300
These stockholders are seldom interested in poring over detailed accounting information about the
individual departments or divisions within a company, instead, they're interested in the financial
performance of the firm as a whole.
What is the intent of financial accounting?
300
One way financial managers evaluate the strengths and weakness of a firm is by?
What is Computing ratios that compare values of key accounts listed on their firm's financial statements.mainly
it is the balance sheet and income statements.
300
74+53-26-8+8=
What is 101
300
This reports the profit or loss earned by the firm over a given period of time.
What is Income Statements
400
It is the preparation of three basic financial statements: the balance sheet, income statement, and
statement of cash flows.
What is one of the major responsibilities of financial accounting and what are the three basic financial
statements?
400
How much net income a firm earned per share od common stock outstanding.
What is earning per share
400
Find the final price
$60 with a sale discount of 35% off =
What is $39.00
400
The key components of a balance sheet.
What is Assets, Liabilities, and Owners equity
500
What does current assets consist of?
Consists of cash and offer assets, that the firm expects to use up or convert into cash within a year.
500
Top-down budgeting and bottom-up budgeting
What is two approaches used to budget preparation?
500
$135 = $99.90 with what discount?
What is 26%?
500
Key elements of a Major Financial Statement
What is Balance sheet, the income statement, and the statement of cash flow.