D076 study guide - Study guides, Class notes & Summaries

In which way is accounting different from finance? -Accounting is backward looking, while finance is focused on the future. -Accounting is about budgeting, saving, and borrowing, while finance is about investing, forecasting, and lending. -Accounting is focused on allocating capital, while finance is focused on bringing in capital. -Accounting forecasts future performance, given the past, while finance records past performance. - Accounting is backward looking, while finance is focused on t...

Accounting - The system of recording, reporting, and summarizing past financial information and transactions. Accounts Receivable Turnover (AR Turnover) - An activity ratio found by credit sales divided by accounts receivable. Activity Ratios - A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm's operational efficiency and profitability. Additional Funds Needed (AFN) - Another name for the discretionary financing needed or e...

WGU D076 OVER 300 QUESTIONS AND ANSWERS LATEST ALREADY GRADED A+;BOTH OA AND FINAL EXAM ARE COMBINED PLUS ALL UNIT TESTS 100% VERIFIED What are the main services offered by financial institutions? A. Soliciting charitable donations and then managing the distribution of these funds B. Accepting a wide variety of deposits, offering investment products, providing loans, and brokering financial transactions C. Deciding which assets to invest in to create wealth in the future D. Evalu...

Annual Percentage Rate - Answer The annual interest rate that is charged for borrowing money or that is earned through investment. Annuity - Answer A stream of cash flows of an equal amount paid every consecutive period.Go To Annuity Due - Answer A series of equal payments made at the beginning of consecutive periods.Go To Asset Pricing - Answer The process of valuing assets. Auction Market - Answer A secondary market with a physical location and where prices are determined by investors...

WGU D076 Principles of Finance Exam Study Guide | Questions with 100% Correct Answers | Latest Update 2024 | Verified

what is the difference between finance and accounting - The easiest way to describe these differences is that finance is forward-looking, or focuses primarily on the future, while accounting is generally backward-looking and focuses on the past. There are three primary areas in the world of finance: - Business finance Investments Financial institutions This area involves deciding which assets to invest in to create wealth in the future. - Investment The process of valuing assets - ASSETS ...

what is the difference between finance and accounting - The easiest way to describe these differences is that finance is forward-looking, or focuses primarily on the future, while accounting is generally backward-looking and focuses on the past. There are three primary areas in the world of finance: - Business finance Investments Financial institutions This area involves deciding which assets to invest in to create wealth in the future. - Investment The process of valuing assets - ASSETS ...

In which way is accounting different from finance? - Accounting is backward looking, while finance is focused on the future. What is the main question that both individuals and companies must consider when making financial decisions to reach a goal? - Will the benefits of the action outweigh the costs? A financial manager at a company is trying to determine whether to issue new stocks or new bonds to cover the costs of a project the company is doing the next year. Which main task in busine...

Business finance - Which area of finance deals with sources of funding and the capital structure of corporations and seeks to increase the value of a firm to its owners? Finance focuses on the future, while accounting is generally backward-looking. - What is the primary difference between finance and accounting? Investments - Which subspecialty of finance primarily involves deciding which assets will create more wealth and earn positive returns? Investments - An area of finance that deals ...

Accounting Definition  The system of recording, reporting, and summarizing past financial information and transactions. Activity Ratios  A category of ratios that measure how well a company uses its assets to generate sales or cash, showing the firm’s operational efficiency and profitability.  AR Turnover: An activity ratio found by credit sales divided by accounts receivable.  ACP: An activity ratio found by the number of days in a year (365) divided by AR turnover.  F...