activities of a business. There are three basic financial statements:(1) Profit & loss account(2) Balance sheet(3) Cash flow statementThe profit & loss account:The profit and loss account (also referred to as the income statement) shows the results of the flow of activity and transactions and is designed to report the profit performance of a business for a specific period of time. The profit and loss account reports total revenue‚ total expenses and resulting net profit. The purpose of the income
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information-generating one‚ which fittingly makes the job of the Accountant to be that of observing economic activities‚ recording the observations in the prescribed books‚ analysing the recordings‚ interpreting his analysis and preparing reports to all users of Accounting Information. The prepared reports are generally referred to as financial statements‚ which clearly outline or identify the areas of strengths and weaknesses of a business organisation. Various interest groups use the generated Accounting
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Introduction n this opening chapter we begin by considering the role of accounting. We shall see that it can be a valuable tool for decision-making. We shall identify the main users of accounting and financial information and discuss the ways in which this information can improve the quality of decisions that those users make. We shall then go on to consider the particular role of financial accounting and the differences between financial and management accounting. Since this book is concerned
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PROJECT REPORT ON MANAGE USER ACCOUNT INFORMATION MINI PROJECT Academic Session 2013-14 Submitted To: Submitted By: Miss Divya Gupta Isha Gupta(121023) Department of Computer
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related to physically training – single or multiple sets. We all have friends who spend at least three hours in the gym and others‚ who only spend about thirty minutes to an hour. Is it safe to argue the person in the gym for three hours is doing multiple sets‚ while the person in the gym for an hour is only doing a single set? Probably not because no one knows how many exercises the athlete is actually doing. The real discussion comes down to single or multiple sets‚ which is the better of the two
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February 2012 The Need to Satisfy For years‚ people in general have often wanted to feel free‚ but also do it in a way that society accepted. Many have sat and wondered what ways this could be done and/or possible. They often think about what they can buy or do to accomplish this feeling or need. It seems that in the end‚ a person goes out and buys a motorcycle‚ with specific regards to the “Harley Davidson.” Weather it caught your attention through curiosity or simply the need to achieve your
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Different Computer Users The sound of the keyboard typing away and the clicking of the mouse throughout the night has become a normal occurrence in every American household. Staying up until three or four in the morning‚ knowing school starts at nine AM is a characteristic of many computer users today. Since the invention of the computer‚ life has become much easier for humans. With the birth of the Internet communications‚ people now have limitless possibilities around the world
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merely reflects the needs and wants of customers. B. Marketing shapes consumer needs and wants. Part A ’Marketing merely reflects the needs and wants of customers.’ We all need to eat‚ drink and sleep and reproduce‚ this is all part of who we are as human beings. Therefore at the basic level companies will strive to satisfy these functions and keep doing so by once in a while showing advertisements that tells the public that they are around and can provide the products they need. The other aspect
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activity that does not stop‚ continuously obtaining needs that define a state of felt deprivation and wants that defines what is need. It involves transaction in terms price‚ place‚ product and promotion. At the end of this exchange‚ the most important result most desired is customer satisfaction. The discovering and satisfying of consumers’ needs and wants is the prime marketing activity. Thus‚ the marketing function is to search needs and then satisfy it. According to Philip Kotler‚ the mission of
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Q1. Management accounting is a field of accounting‚ it analyses and provide cost information to internal user (Ex: employee‚ management) for the purpose of PLANNING‚ CONTROLLING‚ and DECISION MAKING. P.S. CIMA (Chartered Institute of Management Accountants) defines Management accounting as “Management Accounting is the process of identification‚ measurement‚ accumulation‚ analysis‚ preparation‚ interpretation‚ and communication of information that used by management to plan‚ evaluate‚ and control
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