WGU C213PACKAGE DEAL (COMPILED) WITH GRADED A+ SOLUTIONS

What does accounting focus on? - Answer-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? - Answer-Statement of cash flows Which u...

purpose of accounting - Answer-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 ...

Accounting - Answer-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 - Answer-the preservation of a systematic, quantitative record of an activity accountin...

American Institute of Certified Public Accountants (AICPA) - Answer-the professional organization of certified public accountants (CPAs) in the United States Public Company Accounting Oversight Board (PCAOB) - Answer-the organization that inspects the audit practices of registered audit firms and...

Accounting - Answer-A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." American Institute of Certified Public Accountants (AICPA) - Answer-The professional organization of cert...

why was the statement of cash flows created? - Answer-sometimes earnings fail, everything is one page, its a powerful forecasting tool sometimes earnings fail (net income) - Answer-- big loss scenario: earnings are too pessimistic (makes things look worse than they are) how to prepare a statemen...

What are the various elements of an internal control system? - Answer-Authorization. Authorizing and approving the execution of transactions Record keeping. Recording the transactions in the accounting records Custody of assets. Having physical possession of or control over the assets involved in...

Current Trends changing Accounting: Globalization - Answer-As more and more business do business globally, capital flows more freely across national boundaries. This means investors can choose to invest in firms all over the planet. To help them make investment decisions, the global accounting an...

Which category on the statement of cash flows summarizes cash receipts and payments to owners and creditors of the company? - Answer-Cash flows from financing activities What will be the total impact of these services provided on the company's balance sheet other than an increase in cash of $...

The Securities and Exchange Commission (SEC) - Answer-the organization that regulates U.S. stock exchanges and seeks to create a fair information environment in which investors can buy and sell stocks without fear that companies are hiding or manipulating financial data Sarbanes-Oxley Act - Answ...