BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial accounting
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Management accounting
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Detailed explanation-1: -To this day these reforms require publicly traded companies to regularly disclose certain details about their operations and financial position. The income statement, balance sheet, and statement of cash flows are required financial statements.
Detailed explanation-2: -Requirements of Financial Statement The FS shall be laid in the AGM within six months form the end of the financial year. The holding company shall in addition, prepare a Consolidated Financial Statement of the Company along with its all subsidiaries, associates & joint ventures and lay before the AGM.
Detailed explanation-3: -After registering a private limited company, there are many compliances that the company has to follow under the Companies Act, 2013 (’Act’). One such mandatory requirement a company must follow is to conduct an audit irrespective of its turnover or nature.
Detailed explanation-4: -The following three major financial statements are required under GAAP: The income statement. The balance sheet. The cash flow statement.