100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
D196 PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE) $12.99   Add to cart

Exam (elaborations)

D196 PRINCIPLES OF FINANCIAL AND MANAGERIAL ACCOUNTING EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)

 0 view  0 purchase
  • 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...

[Show more]

Preview 2 out of 15  pages

  • November 19, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • WGU D196
  • WGU D196
avatar-seller
Studyclock
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

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 Studyclock. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75759 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
$12.99
  • (0)
  Add to cart