Under what conditions must an enterprise provide information about products and services?

Q: What is accounting's role in a company?

A: The companies are run by the stakeholders' to earn the profits. The company hires the employees to…

Q: Accounting function definition in a firm. Whence comes the function, and why is it required? What…

A: Accounting is the systematic and detailed documentation of a company's financial transactions in a…

Q: Describe the characteristics of a world class company

A:

Q: What is a global network of organizations and activities that supply a firm with goods and services?…

A: To supply a firm with all the goods and services, a global network is being setup which includes…

Q: What does this tell us about a company?

A: Total Asset Turnover ratio means the turnover contributed by the total asset of the company. Higher…

Q: What is meant by company and essential characteristics of a company?

A: Company: The form of business entity, which is incorporated by state law into a separate legal…

Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?

A: Manufacturing companies are the  ones which procure raw materials and carry out manufacturing…

Q: What are the major areas of accounting that are impacted by information technology? Explain.

A: 1. Cyber Security: As so much as attainable, provide Associate in Nursing example for every of your…

Q: What is the purpose of determining the BEP? How does a company use this in its daily activities?…

A: Breakeven point analysis is a tool used to determine when a business will be able to cover all its…

Q: Describe how manufacturing, merchandising and service-sector companies differ from one another?

A: Manufacturing Companies: Merchandiser is a person or organization who buys goods with the purpose of…

Q: Why would a start up business transition through organizational forms?

A: Organizational form primarily refers to the type of ownership and legal structure of a business…

Q: What is meant by GAAP? Why should companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Which of the following is an example of an internal stakeholder? Select One. Vendor Director Client…

A: Stakeholder is the individual who has any interest associated with the company. The profit and loss…

Q: ustry specialized.

A: Given: To explain the reason of industry specialized as,

Q: What information must an enterprise provide for each of its separately reportable operating…

A: Operating segment: It is defined as providing information about the business actives with an…

Q: What are source documents? Provide examples of source documents that a business might use.

A:

Q: plogically record a business's

A: To explain the record of business debit and credit transactions.

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: What is a business activator?

A: The business is an organization that is managed by a group of people or by an individual to sell the…

Q: Explain how an enterprise determines its operating segments and the factors that influence this…

A: Operating segment refers to a component that fulfills all three features as follows: It is engaged…

Q: How does the company compare with other companies in the industry?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: A central issue in reporting on industry segments of a business enterprise is the determination of…

A: Segment Reporting Generally given as disclosure in the financial statements. Reporting in financial…

Q: How do commercial businsses support the work of industrial business

A: Gaining profits is a primary motive for trading businesses mostly which can be treated as commercial…

Q: What represents a company’s primary means of cummunicaying information to external users?

A: First of all, we need to understand who are external users- these are the people who are interested…

Q: What does this mean for a company?

A: Current ratio is the ratio that measures a company's ability to pay its short term debt obligations…

Q: Discuss how technology based information systems affect accounting

A: Accounting:-It is a record of financial data in a sorting, summarizing, and in a presentation format…

Q: Under what conditions must an enterprise provide information about geographic areas?

A: Financial Statements:   It refers to the end reports prepared by the organization at the end of the…

Q: Operations Product (or service) Channels Production Key Partners Product (or service) Production…

A: Clothing business - I have a Fashion design and manufacturing industries that was established in…

Q: How might firms use information to evaluate business operations?

A: Everything which keeps a business running and earning money is referred to as business operations.…

Q: What aspects of accounting are being influenced by information technology? Explain

A: Introduction: Computers and accounting software are used in computerized accounting to record,…

Q: Micro-business entities can use which basis of accounting

A: Micro business entities have the option to us any of the following basis of accounting in the…

Q: Explain the model business coporation act.

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: What is the business value of the Lexis-Nexis DSS?

A: Business valuation is the process of evaluating the economic value of a whole company or company…

Q: Explain business entity concept in detail with example.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Explain the internal business process perspective.

A: The internal business process perspective.

Q: What should be the most important goal of a company? Why?

A: A company is an entity that has a legal identity in the eyes of law. It represents an association of…

Q: is the delivery of products or services to customers. O a. Distribution O b. Customer service O c.…

A: Lets understand all the terms mention in the question to determine right answer. There are various…

Q: What is the tools TQM for Mercedes company subject  technology management

A: TQM (Total Quality Management) is a management philosophy that involves all quality aspects that are…

Q: What does the R2measure? What is the R2for a typical company?

A: R^2 is the measure of a stock’s performance in relation to its benchmark performance. The measure…

Q: What is Fintech? Examples of Types, Products & Regulations

A: Finance is the system that deals with financial services, investments, and instruments. It is a…

Q: explain in detail, what is a firm, why firms exist and what are Coasian transaction c osts?

A: Firm is referred to as the for-profit business organization like - limited liability company (LLC),…

Q: What is the business segment? Give some examples.

A: Business segment: A Business segment is a recognizable part of the company for which financial…

Q: How can ABM be used by service companies?

A: Activity Based Management Activity-based management is refer as the one of the cost management…

Q: Discuss the differences between internal and external users of information and their needs and…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.