In your own understanding, please answer the following: 1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization? 2. Explain briefly how do you understand the concept of Cost of Good Sold.

Q: Provide an example of how the requirements of a company and its financial management plan can be…

A: Here is the answer:

Q: Explain the political cost hypothesis of Positive Accounting Theory.

A: Positive accounting:   It is referred to as the branch of accounting research that helps to explain…

Q: With regard to a qualitative characteristic of useful financial information, two fundamental…

A: Introduction Fundamental qualitative characteristics of financial statements: There are 2…

Q: what accounting method will be used to evaluate each of the responsibility centers?

A: Responsibility accounting: Responsibility accounting refers to the various tool used by managerial…

Q: The relationship of theory to measurement is very important. Measurement is the assignment of…

A: Arguments for the use of historical cost:1. Objectivity: Historical cost is based on actual…

Q: Which method you would advise the management to use and why?

A: Inventory refers to finished goods ready for sale or the goods which are used in production process.…

Q: What is the essence of sound financial management to the procurement manager.

A: Financial management  Financial management includes using the planning function, organizing…

Q: The ultimate goal of the financial system in a market economy is to make the price of financial…

A: Financial system: Financial system is a structure or a system concerned with money and finance for…

Q: Discuss how your organization could analyze possible investment possibilities to ensure that…

A: A company's long-term financial objectives, such as making a profit, assuring an acceptable return…

Q: What element should be assessed when considering the quality of profit and loss and balance sheet.

A: The elements are as follows: Leverage is a measurement of the business's ability to meet long-term…

Q: The acquisition/payment process helps an organization create value for its stakeholders, which can…

A: Solution- 1-A stakeholder is a party that has an interest in a company and can either affect or be…

Q: Is the value chain in a managerial accounting a tool that primarily assists in the valuation of…

A:

Q: Why must financial statements be relevant? Name and discuss the 3 items that make Financial…

A: The relevance of financial statements is crucial because they provide information that is useful to…

Q: How does General Systems Theory work in marketing and finance and how do the decisions affect each…

A: General system theory It explains the foundation and development of an organization. Under this…

Q: Discuss the effect of the PESTLE Analysis from the Finance and Accounting Manager perspective

A: PESTLE Analysis-It is a tool commonly used to evaluate the business environment in which a business…

Q: Discuss the role of profit plan in implementing strategy.

A: Strategy: It is a plan of action that is framed to achieve the organizational overall goals.

Q: Controls that measure variables that influence future profitability are called Select one: a. output…

A: Controls are necessary part to see whether the plans are going as per direction or not. The controls…

Q: io analysis involves calculations that use the data from the financial statements to evaluate the…

A: Ratios are very important in financial statement analysis and ratios are calculated based on the…

Q: Forward-looking information Includes the following except Select one: O a. Measurement and…

A: Forward looking information is that information that helps in planning for the future.

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

A: Here is the answer :

Q: explain how the idea of value creation under stakeholder theory differs from that under positive…

A: Here discuss about the details of the difference between the stakeholders theory with the positive…

Q: Discuss how an organization might evaluate potential investment opportunities to ensure that…

A: The question is based on the concept of capital budgeting techniques, to ascertain the true worth of…

Q: The objective of Human resource accounting in the modern organizations is to____ a. Attract the…

A: The correct option is  B. All of the given options

Q: Which of the following is related to conditions of credit? a. Competition b. Integrity c. Management…

A: Meaning of Credit -It is a term used in the contract that states a person provides a loan or advance…

Q: Discuss how an organization can assess investment possibilities in order to guarantee that choices…

A: The answer:

Q: - Grandpa duct development. an h v that Grandpa Jim's

A: In Resposibility Accounting various segments of a business are…

Q: How you analyze data and make decisions to improve your customer survey score.  What is the impact…

A: Customer satisfaction is essential to modern business. The companies that will win their market over…

Q: With regard to a qualitative characteristic of useful financial information, two fundamental…

A: Financial information is referred to as monetary data related to the firm. Financial statements…

Q: Which of the following is not represented in the balancedscorecard?a. A learning and growth…

A: Balanced scorecard: It can be defined as a performance metric that is used by the business for…

Q: Information has the quality of relevance if it influences economic decisions of users by helping…

A: The financial statements  are prepared on some standardized principles. These principles are…