BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Recording a business’s transactions, promoting accountability, and planning how to allocate resources
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Recording a business’s transactions, promoting accountability, and making strategic business decisions
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Promoting accountability, making strategic business decisions, and planning how to allocate resources
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Planning how to allocate resources, making strategic business decisions, and recording a business’s transactions
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Detailed explanation-1: -Roles and Responsibilities Preparing and maintaining important financial reports. Preparing tax returns and ensuring that taxes are paid properly and on time. Evaluating financial operations to recommend best practices, identify issues and strategize solutions, and help organizations run efficiently.
Detailed explanation-2: -Accountants generally record, collect, analyse, and report on financial data. In most cases, accountants use the financial records compiled by bookkeepers to prepare financial statements and reports, and to perform financial analysis.
Detailed explanation-3: -Accountants are responsible for maintaining records of a company’s daily transactions and compiling those transactions into financial statements such as the balance sheet, income statement, and statement of cash flows.