Why is a knowledge of accounting terms and concepts useful to persons other than professional accountants?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

See More Books

Question Posted: Apr 17, 2014 09:33 AM

See More Questions

Why is knowledge of cost behavior important for managerial decision making? Give an example to illustrate your answer.
Why is knowledge of cost behavior important for managerial decision making? Give an example to illustrate your answer.
Why is knowledge of XBRL important to accounting professionals? Explain.
Tony acquired 1,000 shares in X Co (a resident public company) for $10 each in August 2000. In January this year X Co returned $7 of capital to its shareholder in respect to each share they held. The...
Interpret the results of Problem 48 with both a graph and a description of the graph.
The following data are taken from the financial statements of Colby Company. a. Compute for each year (1) the accounts receivable turnover and (2) the average collection period. At the end of 2018,...
Emaars slogan for their HR is Satisfied Employees Create Satisfied Customers. What does this mean? LO.1
The General Fund of Dilligan County, Virginia, has total fund balance of $17,000,000 at June 30, 20X0, the end of its fiscal year. Additional information is provided below. 1. The county has...
What is the risk premium for the following returns if the risk-free rate is 5%, and the expected return on the market is 15%? State Probability Return Boom .15 .60 Good .50 .20 Recession .25 -.10...
When Timmy was 18 months old, his mother stood behind him, helping him throw a large ball into a box. As his skill improved, she stepped back, letting him try on his own. Using Vygotsky's ideas,...
The Internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about accounting firms, standard setters, and regulators....
In general terms, what are revenues and expenses? How are they related in the determination of an enterprises net income or net loss?
How can you tell what the expected price level is by looking at the AD/AS diagram?
From a square whose side has length $x$, measured in inches, create a new square whose side is 5 in. longer. Find an expression for the difference between the areas of the two squares as a function...
Sketch the requested conic sections in Problems 14-23 using the definition. A circle with radius 5
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 23. $250 Frequency n semiannually Rate r 8% Time t 30 yr
Characterize the types of investments that are most vulnerable to political risk. Characterize those that are least vulnerable. What factors influence an investments vulnerability? On a scale of 1 to...
Refer to the following tree diagram for a two-stage experiment. Find the probabilities in Problems 1-6. $P(B) $ E E A B C A B C
Analyze effect of stock split on financial statements. (LO 4) Romax Company announced a 2-for-1 stock split on its common stock. Before the announcement, there were 120,000 shares of $\$ 1$ par...
A 2500-lbm car moving at 15 mi/h is accelerated at a constant rate of 15 ft/s 2 up to a speed of 50 mi/h. Calculate force and total time required?
The purpose of the use case view is to (a) find the objects to use in building the object model (b) describe how people want to implement their procedures (c) define the goals of the system within a...
Shown below are the amounts from the stockholders equity section of the balance sheets of Wasson Corporation for the years ended December 31, 2010 and 2011. a. Calculate the amount of additional...
Shown below are the amounts from the stockholders equity section of the balance sheets of Wasson Corporation for the years ended December 31, 2010 and 2011. a. Calculate the amount of additional...
Guenther and Firmin, both of whom are CPAs, form a partnership, with Guenther investing $100,000 and Firmin, $80,000. They agree to share net income as follows: 1. Salary allowances of $80,000 to...
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....

Why is a knowledge of accounting terms and concepts useful to persons other than professional accountants?

Question:

Step by Step Answer:

Knowledge of accounting terms and concepts is useful to persons other tha...View the full answer

Financial and Managerial Accounting the basis for business decisions

Students also viewed these Accounting questions