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Help with accounting homework | Help me in homework

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Help with accounting homework | Help me in homework

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  1. What is Accounting Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

  2. Importance of Accounting Record Legal Performance Planning and Control

  3. Record Organizations need to have a reliable and systematic way of recording financial information. Accounting is necessary to ensure that those running the business have a reliable record of financial transactions. Legal Accounting helps organizations to determine their financial rights and obligations. Without proper accounting, it would be very difficult for a business to calculate, for example, the exact amount a supplier needs to be paid taking into account cost of purchase, discounts, sales tax, withholding tax, duties, refunds, etc.. Accounting is therefore necessary for a business to fulfill its legal obligations and asserting its own legal rights.

  4. Performance Accounting information is summarized to produce financial statements. Financial Statements provide an overview of the financial activities of a business during a period . Financial Statements help owners in assessing the performance and position of their business which can guide their investment decisions .

  5. Planning Control Accounting helps organizations to plan their finances by developing budgets and forecasts. Variance analysis provides a mechanism for the monitoring of expenses incurred by organizations by comparison with the budgeted expenditure. This process helps organizations in planning their finances ahead and controlling any deviations from the budget.

  6. 5 Hot-shot jobs for accounting graduates • Major responsibilities:- • Leading accounting teams • Preparing financial reports on a weekly and monthly basis Compliance Officer  Accounts Professor

  7. Accounting Professions in the 21st Century • After completing your accounting degree, you can get into a number of professions like: • Budget Analyst • Public Accountant • Tax Accountant • Cost Management Accountant • Financial Accountant

  8. Created By A reputed online tutor, MajaKazazichas working as a teacher for a number of years now. He provides tutorship mainly in subjects like accounting, finance, management and marketing. His teaching methods are unique and innovative. He works hard to make sure every student excels under her tutelage. He has also written several academic blogs at https://helpmeinhomework.com/

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