Csu act 205 exam 3 - Study guides, Class notes & Summaries

CSU ACT 205 Exam 3 Questions and Correct Answers Primary Users of Reports: Managerial Accounting - ANSWER Internal Users: Officers and Managers Types and Frequency of Reports: Managerial Accounting - ANSWER Internal Reports as frequent as needed Purpose of Reports: Managerial Accounting - ANSWER Special-purpose for specific decisions Content of Reports: Managerial Accounting - ANSWER Pertains to subunits of the business. Very detailed. Extends beyond accrual...

CSU ACT 205 Exam 3 Questions and Answers Managerial Accounting - ANSWER - Provides financial information to INTERNAL users - Reporting is generated AS NEEDED - Reporting is tailored to specific needs - Reporting intended for forecasting and understanding future needs - Does NOT need to follow GAAP Financial Accounting - ANSWER the branch of accounting that prepares financial statements for use by owners, creditors, suppliers, and other external stakeholders Manageme...

ACT 205 Exam 3 CSU EXAM UPDATED VERSION QUESTIONS AND ANSWERS!!

CSU ACT 205 Exam Questions and Answers All Correct What are the 2 primary functions of financial accounting? - ANSWER to measure activities of a company and communicate those measurements to investors What 3 fundamental business activities does financial accounting measure? - ANSWER cing activities 2. investing activities 3. operating activities financing activities - ANSWER includes transactions the business has with creditors and investors such as is...

CSU ACT 205 Exam 1 Questions and Correct Answers What are the 2 primary functions of financial accounting? - ANSWER to measure activities of a company and communicate those measurements to investors What 3 fundamental business activities does financial accounting measure? - ANSWER cing activities 2. investing activities 3. operating activities financing activities - ANSWER includes transactions the business has with creditors and investors such as issuing...