C213 Accounting for Decision Makers WGU Bundled Exams with complete solution

What does accounting focus on? - The impact a business's activities have on its overall financial performance Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? - Statement of cash flows Which users would hav...

1. Prepare 2. Analyze 3. Gather 4. Make decisions 5. Implement 6. Observe. - Accounting steps. Inside, Internal - Managerial info is inside or outside the business? True. Financial accounting is only outside. Managerial accounting can be inside AND outside. - True or false, managerial accounting ...

purpose of accounting - Accounting is the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status. Bookkeeping is a part of accounting. Bookkeeping refers to the process of recordi...

What does accounting focus on? - The impact a business's activities have on it's overall financial performance Which report summarizes cash collections and cash expenditures from operating, investing, and financing activities over a period of time? - Statement of cash flows Which users would h...

1. Prepare 2. Analyze 3. Gather 4. Make decisions 5. Implement 6. Observe. - Accounting steps. Inside, Internal - Managerial info is inside or outside the business? True. Financial accounting is only outside. Managerial accounting can be inside AND outside. - True or false, managerial accounting ...

Balance Sheet - financial position of company at a moment in time Income Statement - Financial performance of the company over a period of time Statement of cash flows - cash receipts and disbursements of company over a period of time Lender - Predict ability to repay loans Investors - Predict f...