Wgu d196 study guide Study guides, Class notes & Summaries

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

WGU D196 Study Guide With Complete Solutions..

What is the role and purpose of accounting ? - Role: To help track income and expenditures, and to provide investors, management, and government with financial information. Purpose: To accumulate, measure, and communicate financial information about businesses and other organizations. · Who uses accounting information and why? - Potential investors and creditors use accounting information, but basically everyone uses accounting information. They use it to make internal and external busine...

WGU D196 Study Guide summer 2023 with complete solution

WGU D196 Study Guide, Exam Questions with accurate answers, graded A+, latest version What is the role and purpose of accounting? - -Accounting is used to accumulate, measure, and communicate financial information about organizations. This information is used to make informed decisions regarding resource usage and allocation. Who uses accounting information and why? - -Managerial Accounting: Internal decision making (managers, CEO's, supervisors, etc.) Financial Accounting: External us...

WGU D196- Principles of Financial and Managerial Accounting Study Guide 2023 with complete solution bookkeeping day to day keeping of transcations steps of decision making identify issue gather information identify alternatives select option that most likely results in desired objective accounting analysis of events record and report financial effects of business activities where does capital come from (3) investors creditors(lenders) business itself (from earnings retained) 2 m...

WGU D196- Principles of Financial and Managerial Accounting Study Guide 2023 with complete solution bookkeeping day to day keeping of transcations steps of decision making identify issue gather information identify alternatives select option that most likely results in desired objective accounting analysis of events record and report financial effects of business activities where does capital come from (3) investors creditors(lenders) business itself (from earnings retained) 2 m...