On what needs do (1) management accounting and (2) financial accounting focus?
Management accounting focuses on the needs of users inside an organization. Managers need information related to planning, controlling, decision making, and performance evaluation. Their needs are satisfied through the providing of information designed for their particular uses. Financial accounting focuses on the needs of users outside the organization, such as stockholders, creditors, and regulatory agencies. These users require information that is in conformity with generally accepted accounting principles and, thus, is standardized in the form of general purpose financial statements.
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Which of the following accounts would be included in a post-closing trial balance?
A. Accounts Receivable. B. Consulting Fees Earned. C. Depreciation Expense-Equipment. D. S. Stills, Withdrawal. E. Salaries Expense.
Based on the information concerning Snowflake Corp what is the value of the goodwill related to the acquisition?
a. $1,775,000 b. $475,000 c. $2,250,000 d. $1,325,000
Why is the appearance and functionality of a service company's Web site important?
What will be an ideal response?
Describe a company that would be likely to use a company sales force, and a second company that would be likely to use manufacturer's representatives. Explain why these companies would make these choices.
What will be an ideal response?