Financial services are concerned with the duties of the financial manager.ture or false

Q: Financial accounting is one of the branches of accounting specialized in recording, classifying,…

A: Financial accounting is used to prepare financial statement which helps in calculating Revenue…

Q: Which of the following action shall explain the prudence concept in the most appropriate way?…

A: Prudence concept:- Amount of revenues recognised  and assets  should not be overestimated; Amount of…

Q: Briefly explain the different between Financial Manager and Account Manager in firm?

A: There are three levels in company: Strategic level, business level and lower level. For managing…

Q: What the responsibilities of the firm of accountants as far as money laundary is concern.

A: Money laundering is the process of obscuring the source of funds earned through illegal activities…

Q: accounti

A: There are various branches of accounting say Financial Accounting, Cost Accounting, Management…

Q: The primary objective of financial reporting is to provide information . In an ethical manner.  To…

A: The objective of financial reporting is to give information about financial performance and…

Q: . State whether the following questions is True (T) or False (F): a) Management accounting provides…

A: As posted multiple independent questions we are answering only first three questions kindly repost…

Q: Which of the following is not an external user of a business’s financial information? a. Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: The financial information of the company is used by many internal & external users for getting…

Q: The important aspects of financial management do not include the following: a. Financial decision b.…

A: Financial management is management of financial assets and planning key financial decision making…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: Private accounting, as a sub-discipline of accounting, includes: Select one: a. Management…

A: 1. Private accounting, as a sub-discipline of accounting, includes Cost Accounting, Financial…

Q: How do accountants and financial managers differ in their use of financial information? Why is cash…

A: The financial statement represents the progress in the performance of the corporation in generating…

Q: How can the tools in assessing accounting quality assist financial analyst

A: The value of financial accounting is primarily defined only by its quality. The core premise of…

Q: How does financial statements help employees in decision making?

A: Financial statements are statements or reports that are prepared at the end of the accounting period…

Q: Which of the following users is not considered an internal user of accounting O a. An employee O b.…

A: Internal user of accounting means the stakeholder within the organization who uses the accounting…

Q: What is the primary objective of the financial manager? How are they different from other manager

A: Financial manager is a person who is  responsible for carrying out various financial functions of an…

Q: The objectives of financial reporting for business enterprises are based on the need for…

A: Financial reporting is the financial result of an organisation. Financial result include cash flow…

Q: An internal auditor should be an expert in which of the following branches of business ? Accounting…

A: An internal auditor is a company employee who independently and objectively evaluates the…

Q: Distinguish between the terms'making investment choices' and'making financial decisions' as they…

A: Here is the answer :

Q: Who among the internal users need financial information the most

A: Internal users of financial information refer to the persons within an organisation who use…

Q: Management accounting and financial accounting differ in that management accounting information is…

A: Management accounting and financial accounting are very much similar and differ mainly in two…

Q: Financial accounting provides information for managers and other internal users. Select one:…

A: Financial statement are prepared by the management for users decisions making. Financial statements…

Q: What are the skills and competence of an effective financial manager?

A: There are various skills that are required to become an effective financial manager some of the…

Q: t

A: Definition of an Accountant An accountant is an expert who is liable for keeping and deciphering…

Q: what are real world issues and problems faced by the financial managers

A: Financial manager is more precisely responsible for procurement of funds at effective cost and…

Q: faced by finance professionals:- a) Working as consultant or auditor: When a professional. . in…

A: In this question, some examples of conflicting interest that can be faced by finance professionals…

Q: Which of the following is a major challenge facing the accounting profession? O A. Accounting for…

A: Major challenges facing the accounting profession are :- Non financial measurements Forward looking…

Q: What is the direct impact on accounting firms who provide financial planning and/or mortgage broking…

A: Direct impact on accounting firms who provide financial planning and/or mortgage broking advice:…

Q: Management accounting reports on the profitability (and therefore the efficiency) of a business,…

A: There are two main branches of accounting. One is financial accounting and other is management…

Q: Test your knowledge • The role of management accounting does not normally include the function of •…

A: Management accounting is a form of accounting under which financial information and financial…

Q: “Communication financial results and positions to external parties”. Is it not a primary function of…

A: Management Accounting:

Q: Describe why financial management within an organization is such a difficult task and importance of…

A: Financial management (FM) means managing all the activities which are related to funds like…

Q: Which of the following is not one of the basic concepts of accounting? A) RESPONSIBILITY B)…

A: Accounting:- It can be defined by recording the transactions in a systematic order and should be…

Q: Which of the following concepts deals with the management of money in an organization? a.…

A: Money management involves various aspects within an organization such as manner of obtaining,…

Q: Which of the following can use financial concepts to improve their decisions?   Multiple Choice…

A: Finance is a core part of every business. Financial concepts can be used by any professional who…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: Distinguish between the terms'making investment judgments' and'making financial decisions' as they…

A: Financial managers are those who are in charge of financial matters in their organizations. Taking…

Q: what is professional judgement in financial accounting ?

A: Financial accounting is that branch of accounting which deals in recording of transactions,…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: true or false 2.    Financial services are concerned with the duties of the financial manager.

A: A finance manager is in charge of distributing a company's financial resources, budgeting, and…

Q: Agency costs are best defined as: The cost of conflict between the banks and shareholders O The cost…

A: Agency costs are the internal costs which arise due to the conflict of interest between firm's…

Q: financial information alone be insufficient for the ongoing informational needs of operat

A: Financial information is the data conveyed by the financial statements regarding the financial…