Describe the relationship between relevance and accuracy.
Question:
Describe the relationship between relevance and accuracy.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Information does not have to be entirely accurate to be relevant f...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Describe the relationship between relevance and accuracy.
-
The data in the table describe the relationship between altitude and air temperature. a. Write a best-fit equation for f (x) that describes the relationship (altitude in meters, temperature in...
-
Describe the relationship between a distinctive competency, a competitive advantage, and a sustained competitive advantage.
-
PERCH FALLS MINRO HOCKEY ASSOCIATION FUND Operating Capital Endowment Cash Inflows: Government grant for operating Costs $162 Government grant for hockey arena $350 Corporate donations for hockey...
-
A 50.0 g ball of copper has a net charge of 2.00C. What fraction of the copper's electrons has been removed? (Each copper atom has 29 protons, and copper has an atomic mass of 63.5.)
-
Maddleson Incorporated wants to segregate the fixed and variable portions of maintenance cost, believed to be a semi variable cost, as measured against machine hours. The following information has...
-
\(\quad\) B Balance Sheet as at 31 December \(19 \times 7\) Investment in S: 60,000 shares bought on 31.12.19X6 121,000 Fixed assets 90,000 Less Depreciation for year 24,000 66,000 Current assets...
-
The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2012, the last day of its fiscal year. The enterprise fund was established this year through a...
-
HDY Company is a mature manufacturing firm. The company just paid an annual dividend of $2.75, but management expects to reduce future payouts by 3.5 percent per year, indefinitely. What is this...
-
A straight rectangular fin has a length of 3.5 cm and a thickness of 1.4 mm. The thermal conductivity is 55 W/m C. The fin is exposed to a convection environment at 20C and h = 500 W/m2 C....
-
Identify the four hierarchical levels used to classify costs. When can each of these levels of costs be avoided?
-
It all comes down to the bottom line. The numbers never lie. Do you agree with this conclusion? Explain your position.
-
Alan Homes serves on the board of directors of Flynn Company. The president of Flynn told him that in three weeks the corporation would announce a 25% increase in dividends. Alan called his neighbor...
-
Carter Containers sold marketable equity securities, land, and common stock for $30 million, $15 million, and $40 million, respectively. Carter also purchased treasury stock, equipment, and a patent...
-
Purpose This assessment item is a powerpoint slidedeck of the student's views in relation to the six (6) geographical regions of [1] Australia, [2] USA, [3] Eurozone, [4] Japan, [5] China, and, [6]...
-
Delta Machine Tool Incorporated produces a varied product line without the use of direct labor. An extensive setup procedure is re- quired. Because no single base for a predetermined overhead rate...
-
Suppose that a bank in the United States has $130 million in excess funds and needs an equivalent amount in euros. A bank in Germany has excess funds to the extent of this equivalent amount in euros...
-
Lem E Tweakit Inc. is considering the purchase of a new magic marker machine. This machine will reduce manufacturing costs by $6,000 annually. The new machine will be in CCA class 8 (d = 20%). The...
-
The driver and driven gases of a pressure-driven shock tube are both air at \(300 \mathrm{~K}\). If the diaphragm pressure ratio is \(p_{4} / p_{1}=5\), calculate: a. Strength of the incident shock...
-
When the concentration of a strong acid is not substantially higher than 1.0 10-7 M, the ionization of water must be taken into account in the calculation of the solution's pH. (a) Derive an...
-
What is the molar sodium ion concentration resulting from mixing of 50.0 mL of 0.100 M sodium chloride and 50.0 mL of 0.200 M sodium sulfate?
-
The balances of the two wages accounts at December 31, after adjustments at the end of the first year of operations, are Wages Payable, $9,175, and Wages Expense, $565,000. Determine the amount of...
-
Accrued salaries of $6,750 owed to employees for December 30 and 31 are not considered in preparing the financial statements for the year ended December 31, 2012. Indicate which items will be...
-
For a recent year, the balance sheet for The Campbell Soup Company includes accrued expenses of $560,000,000. The income before taxes for the year was $1,242,000,000. a. Assume the accruals apply to...
-
Use the following assumptions below to answer the following questions. Asking Price: $249,500 Total Sq. Ft.: 2,028 Total Units: 2 Avg. Monthly Rent per Unit: $1,625 Annual Rent Growth: 3.0%...
-
GAAP requires that O all companies that issue an annual report should issue interim financial reports. O the three basic financial statements should be presented each time an interim period is...
-
(a) What is a Pre-Acquisition Elimination Entry and what does it do to the Group Consolidation? b) Why does the Pre-Acquisition Elimination Entry change from the date of acquisition to subsequent...
Study smarter with the SolutionInn App