100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Accounting and Financial Management questions & answers. $10.79   Add to cart
Quickly navigate to
Preview
  2.  
  3. Accounting 101
  4.  
  5. Accounting 101

Exam (elaborations)

Accounting and Financial Management questions & answers.
 5 views  0 purchase
  • Course
  • Accounting 101
  • Institution
  • Accounting 101

Accounting and Financial Management questions & answers.

Preview 2 out of 12  pages

Document information

  • August 29, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • accounting and financial management questions an

Written for

  • Accounting 101
  • Accounting 101

Seller

avatar-seller
Professorkaylee

Content preview

Accounting and Financial Management
questions & answers.

Stock Market & its efficiencies ANS - When the space shuttle exploded and they found the company
responsible for it, the capital market found out within minutes



As a result, this caused an immediate drop of the market share, showing that stock markets are
extremely efficient



Accountants vs Finance Professionals ANS - Accountants

- measure, analyze and manage performance

- they look back in time to understand how we progress in our business plan (make decisions based on
info of the past)

- they give feedback to management



Finance Professionals

- they look towards the future

- they forecast the future to understand how businesses are going to perform and they optimize choices
accoridngly

- make decisions as whether they should buy or sell a share



Audit ANS - the examination og a company's financial statements and the accounting practices that
produced them



make sure statements are in conformity with GAAPs (generally accepted account principles)



Management accounting ANS - - Users INSIDE the organization

- produce internal management reports that provide financial information on which decisions can be
based for the future

, Financial accounting ANS - - users OUTSIDE the organization (NGO's, government, shareholders)

- information that is primarily for external purposes (e.g. shareholders)



managerial vs financial accounting ANS - managerial:

provides managers and employees with the info needed to make decisions about a firm's financing,
investing, marketing and operating activities (reflecting the past to determine the future)



financial:

generates financial statements and reports for interested people outside the organization. info is used
to determine if the firm has reached their goals



other types of accoutning ANS - cost accounting (cost of producing certain goods/services)



government accounting



not-for-profit accoutning



tax accounting (generates tax strategy)



Who is involved in financing and accounting? LIST ANS - CORPORATE FINANCE - TREASURER

(Finance & Internal)




FINANCIAL MARKETS - ANALYST/PORTFOLIO MANAGER

(Finance & External)



MANAGEMENT ACCOUNTING - FINANCE MANAGER/CONTROLLER

(Accountant & Internal)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Professorkaylee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.79. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.79
  • (0)
  Add to cart