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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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IDENTIFICATION:
Identify what branch of accounting renders the service/s being described:

Transcribed Image Text:IDENTIFICATION:
Identify what branch of accounting renders the service/s being described:
1. Preparation of general-purpose financial statements
- 2. Evaluation of the performance of a sales department
3. Develop standards to address a new business set up
4. Review tax compliance of the business
5. Evaluate whether a branch of the business complies with the collection and
deposit policy of the company
6. Review whether the financial statements are presented fairly and in
compliance with accounting standards
7. Report on the spending of government funds
8. Report on the total cost of materials and labor used in the production
- 9. Conducting lectures on accounting topics
10. Development, installation, implementation, and monitoring of accounting
procedures and systems used in the accounting process
11. Handling of accounts managed by a person entrusted with the custody and
management of property of or for the benefit of another person
12. Court and litigation cases, fraud investigation, claims and dispute resolution,
and other areas that involve legal matters
13. Help the owner set the selling price of his products
14. Primarily concerned with processing historical data
15. Oftentimes, these are sensitive information and is not distributed to those
outside the business
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