Exam (elaborations)
MBA 609 Financial Accounting Questions And Answers Latest Update
- Course
- MBA 609
- Institution
- Southern New Hampshire University
MBA 609 Financial Accounting Questions And Answers Latest Update
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Solution 2024/2025Pepper
MBA 609: Financial Accounting Questions And
Answers Latest Update
accounting system
collects and processes financial info about and org's business activities and
reports that info to decision makers
two parts: internal reports and external reports
consists of financial information and decision makers
financial information
financial statements (#s) and notes to financial statements (explain what
#s mean and how they're obtained)
decision makers
investors, creditor, suppliers, customers [external users]
AND
managers (CFO/CEO) [internal users]
stockholders
external decision maker
sole owners of a company
dividend
, Solution 2024/2025
Pepper
The portion of corporate profits paid out to stockholders
creditor
external decision maker
those that make money on loans by charging interest
entity that a company owes money to
managers
aka internal decision makers
oversee operations, investments, financing activities
Le-Nature's Business Activities
financing, investing, and operating activities
financing activities
borrowing/paying back money to lenders and receiving additional funds
from stockholders or paying them dividends
investing activities
buying or selling items such as plant and equipment used in the production
of beverages
operating activities
day-to-day process of purchasing raw materials, manufacturing, delivering
product, collecting cash from customers, and paying suppliers
4 financial statements
balance sheet, income statement, statement of stockholder's equity, and
statement of cash flows
balance sheet
reports the economic resources owned and sources of financing for those
resources
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