Financial Accounting and Reporting (Reviewer) Exam Questions and Answers 100% Solved
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Course
Financial
Institution
Financial
Financial Accounting and Reporting
(Reviewer) Exam Questions and
Answers 100% Solved
Auditing or External Auditing - IS A PROCESS OF EXAMINATION OF
ACCOUTING AND FINANCIAL RECORDS THAT IS UNDERTAKEN
INDEPENTLY.
Financial Accounting - IS A PROCESS OF GATHERING
INFORMATION AND PRODUCING RECORD...
Fiduciary Accounting - ✔✔is a comprehensive report of the activity within a
trust, estate or conservatorship during a specific time period
Cost Accounting - ✔✔is a process of assigning costs to cost objects that
typically include a company's products, services, and any other activities
that involve the company
Accounting System - ✔✔a set of accounting processes with integrated
procedures and controls-is to record business transactions, summarize
those transactions into an aggregated form, and create reports that can be
used by decision makers to monitor, analyse, and improve operations
Social Accounting - ✔✔is the process of communicating the social and
environmental effects of organizations.
Accounting Profession - ✔✔is a professional who performs accounting
functions such as account analysis, auditing, or financial statement analysis
Public Accounting - ✔✔Rendering of independent and expert financial
services to the public on a fee basis (professional fees). (must be a CPA)
(alam ko CPA firm 'to
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