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Are The financial statements print by Peachtree reflect month-to-date amounts only?
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What is the Measurement of the Elements of Financial Statements?
The elements of financial statements are measured in dollar amounts.
Why do many companies use straight-line depreciation for financial reporting?
Simplicity, knowing year in and year out what the amounts will be is easy to record and easy on the auditors and accounting department. Forecasting for financial statements and budgeting are all simplified by use of SL Depreciation.
What is a disclosure note in accounting?
Disclosures notes are part of accounting financial statements as in disclosure notes important information related to amounts or information in financial statement is provided to further clarify any information previously given or any other related information.
What amounts are reported on pro forma statements and how this information is useful to financial statement readers.?
Pro-Forma financial statements are forecasted statements where the issuer tries to predict levels of operations and the resulting income or loss. The users are usually specific people / banks, etc that want to know what the issuer's goals are to see if they want to commit to engage in a transaction now, based on circumstances that the issuer is predicting. IE: If bank lends a business money on to expand or build a new facility will the increase in production generate enough income to service the debt. Pro-Forma statements will let the bank assess whether the business is realistic in it's goals and assumptions, and whether the business will eb able to afford the new loan.
Who disputes and disseminates credit card statements and investigates all amounts disputed by the cardholder?
Card-Issuing Bank
Who produces and disseminates credit card statements and investigates all amounts disputed by the cardholder?
Card-Issuing Bank
What other stakeholders might require financial information and why?
A stakeholder will require financial information to get an understanding of the performance of the organization. This record shows the assets owned, amounts owed, amounts invested in the organization and profitability to better manage the operations.
What financial statement does not report amounts primarily on accrual basis?
statement of cash flows
What is the differences between budgeted amounts and actual financial performance?
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After world war2 Europe receieved large amounts of financial aid because of the?
Marshall Plan
What is inter company owings in reconstrction?
Intercompany owings in reconstruction refer to amounts owed between companies within the same group or organization that need to be settled or reconciled during a reconstruction process. These amounts can impact the financial statements and balance sheets of the companies involved, so it is important to properly account for them to ensure accurate reporting.
What organization granted Europe large amounts of financial aid after World War 2?
Marshall Plan
