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D196 PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)$12.99
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D196 PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
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Course
WGU D196
Institution
WGU D196
bookkeeping - ANS day to day keeping of transactions
steps of decision making - ANS identify issue
gather information
identify alternatives
select option that most likely results in desired objective
accounting - ANS analysis of events
record and report financial effects of business...
K
C
LO
D196 PRINCIPLES OF
YC
FINANCIAL AND MANAGERIAL
D
ACCOUNTING EXAM
U
QUESTIONS WITH CORRECT
ST
ANSWERS ALL VERIFIED BY
AN EXPERT A+ GRADED
(LATEST UPDATE)
, bookkeeping - ANS day to day keeping of transactions
steps of decision making - ANS identify issue
gather information
identify alternatives
select option that most likely results in desired objective
accounting - ANS analysis of events
record and report financial effects of business activities
K
where does capital come from (3) - ANS investors
creditors(lenders)
business itself (from earnings retained)
C
2 main types of accounting - ANS financial and managerial
LO
managerial accounting - ANS gather and analysis of information for internal use and decision
making.
financial accounting - ANS gather, report, analysis of information for external users- investors
and creditors. summary of a business
YC
what does managerial accounting review - ANS product cost, breakeven analysis, budgeting,
performance analysis, outsource production
what does financial accounting review - ANS credit analysis, financial health, estimate value of
the company
D
examples of external financial reports for financial accounting - ANS annual report, financial
statement, balance sheet, income statement, statement of cash flow
U
balance sheet - ANS reports assets and liabilities. basic.
list as of a point in time. as of today, as of yesterday
ST
income statement - ANS how much did you ,ake
period of time - from nov to jan
statement of cash flow - ANS where did the cash come from and where did the cash go
period of time - from nov to jan
lender - ANS lends money with intend to get it back plus interest. need current income, existing
obligations, existing assets, payroll stub, tax return, monthly payments, bank stmts
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