BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Enable the person to make significant decision
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Enable the person to get better result in statement position
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Enable the person to be in understand the society social household income and needs
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Enable the person to evaluate the one’s economy
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Detailed explanation-1: -Financial accounting focuses on recording the transactions that a business makes over time. Financial accountants primarily provide analysis of transactions and help businesses to make wiser decisions with their money.
Detailed explanation-2: -Accounting is important as it keeps a systematic record of the organization’s financial information. Up-to-date records help users compare current financial information to historical data. With full, consistent, and accurate records, it enables users to assess the performance of a company over a period of time.
Detailed explanation-3: -In addition to bookkeeping, Accounting also includes summarizing, interpreting and communicating the financial data to the users of financial statements. The main aim is to maintain systematic records of financial transactions. The main aim is to ascertain the profitability and financial position of the business.