Match the following users with their information requirements: Users Requirements 1 The public A The ability of the company to continue, and to pay pensions in the future 2 The government B The use of information for taking operational decisions in running the company 3 Employees C The policies of a company and how those policies affect the community, for example health and safety 4 Internal users D The performance and financial position of a company and its ability to pay dividends 5 Shareholders E The ability of a company to pay taxes, and administer other taxes, for example value-added tax

Q: Ethics and income Reporting You have been hired as an “accounting consultant” by Watson Company to…

A: As per the question, Watson company is following cash basis accounting, where the income and…

Q: Which of the following refers to financial accounting? Question 9 options: a) Regulations or…

A: Financial accounting is a section of accounting profession which focuses on reporting transactions…

Q: Which of the following statements is/are true? 1 The shareholder needs a statement of financial…

A: We have the following information: The shareholder needs a statement of financial prospects, ie an…

Q: Next to the following list of eight characteristics of business organizations, select a brief…

A: A corporation is a legal entity that is different from its owners and exists independently from…

Q: Why do they need accounting information? 1. Investors 2. Employees and labour unions 3. Lenders…

A: Accounting information is important for decision making, record keeping, and discovery and…

Q: Identify the following users as either External users or Internal users. a. Chief Executive Officer…

A: Accounting users are: Internal users External users

Q: Quinton, a financial manager, is responsible for all of the following except _____. Question 28…

A: Solution:- Financial manager is that person in the entity who is responsible for all the activities…

Q: The goal of management accounting is to: a. Help bankers to make lending decisions b. Help the…

A: Management accounting - management accounting helps in making decisions of the business and helps in…

Q: The following are users of fi nancial statements. ________Customers ________Securities and Exchange…

A:

Q: 1. Companies present sufficient financial information so the creditors and reasonably prudent…

A: Accounting principles are those rules, regulations and guidelines which are used by the accountant…

Q: Define the branches of accounting of the following: 1.preparation of general purpose financial…

A: Note: I am supposed to give the solution to the first question only. Please repost the remaining…

Q: What can an investor do to better understand details and accounting choices the company has made in…

A: Auditors report provides  users about  adequancy of the financial position of company. It's true and…

Q: 20)Which of the following is the best definition of an internal user of accounting information? A)…

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

Q: Which of the accounting controls ensure that a company's resources are used efficiently and…

A: Controls are the procedures which are designed and monitored by the management to ensure that the…

Q: Examine the business activity and decide for its classification from the choices below. Also,…

A: Cash flows from operating activities includes all cash inflows and cash outflows of the business…

Q: Management accounting is considered most likely to be successful when it: A) B) C) is timely D) a.…

A: Management accounting is that branch of accounting which helps management in making decisions with…

Q: 1. (TCO 1) Which of the following was the first private sector entity that set accounting standards…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: a. What is the Sarbanes –Oxley Act? (SOX) b. What are the highlights of SOX c. What are the costs…

A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

Q: Match each of the numbered descriptions 1 through 5 with the term or phrase it best reflects.…

A: Given descriptions are: 1. An assessment of whether financial statements follow GAAP.2. Amount a…

Q: State under which major headings and sub-headings will the following items be presented in the…

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: Provide the best word/s to describe each of the statements below. In your answer book you need only…

A: Business is referred to as a economic activity where exchange of benefits take place between the…

Q: Define and discuss each of the following by providing at least 2 practical examples:

A: Partnership may be defined as the legal form of business entity which is established by two or more…

Q: d. Describe how SOX would have impacted Accounting over the past 18 years

A: Sarbanes Oxley Act or SOX is a US legislation whose primary objective is to protect investors from…

Q: The inputs in the information system is called as a. reports b. documents c. transactions d.…

A: The accounting is a process to analyze and record the data and further prepare the financial…

Q: Next to the following list of eight characteristics of business organizations, select a brief…

A: Business Organisation :— Business organisation Provides Goods & Services to their Customers as…

Q: 1. Accounting furnishes data on, A. income and cost for the managers B. financial conditions of…

A: Accounting is the process of recording financial transactions pertaining to a business. The…

Q: 1.  Which of the following was the first private sector entity that set accounting standards in the…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: a. Income is the amount spent by the business for recruiting the most qualified staff b. Income is…

A: Introduction:- Income is the revenue a business obtain or gain from selling its goods and services.

Q: Financial accounting prepares the general purpose statements profit and loss account and balance…

A: General Purpose Financial Statements: Financial statements intended for a wide range of users are…

Q: Choose A, B, C or D and explain your solution 3. External users of accounting information are: A.…

A: External users: External users are the persons who are outside the organization but make use of…

Q: (i) Which of the following is not a responsibly of a remuneration committee? A. The setting up of…

A: 1)Remuneration Committee : Its main role is to assist and advise the board of directors on the…

Q: Case I. The Property Corporation requires funds for its inventory, payment of salaries and wages,…

A: Funds needed for inventory, payment of salaries and wages, payment of utilities and other monthly…