List three functions of the close in a business report
What will be an ideal response?
Answer: The close of a report (1) emphasizes the main points of the message, (2) summarizes the benefits to the reader if the message proposes a change or course of action, and (3) brings all the action items together in one place and gives the details about who should do what, when, where, and how.
You might also like to view...
Current accounting practice takes the viewpoint of shareholders by reporting the amount of net income available to shareholders after subtracting from revenues all expenses incurred in generating the revenue by claimants (for example, employees, lenders, governments) other than shareholders
Indicate whether the statement is true or false
Retailers and merchant wholesalers are examples of intermediaries that:
A. take title to a product B. create temporal and spatial discrepancies C. use consumer promotions D. do not benefit from any economies of scale E. are accurately described by all of these statements
After the closing entries are posted to the ledger, each expense account will have:
A. a debit balance. B. a negative balance. C. a credit balance. D. a zero balance.
(CMA adapted) A costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of those activities is:
A. variable costing. B. benchmarking. C. activity-based costing. D. full-absorption costing.