WGU D196 Principles of Financial and Managerial
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Accounting Study Guide _ Exam Questions and Answers _ Comprehensive
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WGU D196 Principles of Financial and Managerial Accounting Study
Guide | Exam Questions and Answers | Comprehensive Course Review
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WGU Principles of Financial and Managerial Accounting D196
Study online at https://quizlet.com/_9g1az5
1. Accounting Sys- Used by business to:
tem 1. Analyze transactions
2. Handle routine bookkeeping tasks
3. Use the information to evaluate business performance
2. Analysis/Book-
keeping/Evalua-
tion
3. Accounting Quantitative information, primarily financial in nature, about economic entities
that is intended to be useful in making economic decisions
4. Decision-Making
Process
5. Business An organization operated with the objective of making a profit from the sale of
goods or services
6. Nonprofit Orga- An entity without a profit objective, oriented toward providing services efficiently
nization and effectively
7. Capital or Financ- Monetary resources that come from three sources: investors (owners), creditors
ing (lenders), and the business itself in the form of earnings
8. Revenues The amount of assets created through the sale of goods and services
9. Accountant Roles 1. Measuring and reporting: Using the accounting cycle to report the results of
in Business business activities
2. Advising: Using the reports gathered to inform managers on how to structure
activities to achieve the goals of the business
10.
WGU Principles of Financial and Managerial
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Accounting D196https://wwwhttps://www.stuvia.com/user/stuviaun.stuvia.com/user/stuviaun
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https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun
Accounting Study Guide _ Exam Questions and Answers _ Comprehensive
https://www.stuvia.com/user/stuviaun
Course Reviewhttps://www.stuvia.com
https://www.stuvia.com/user/stuviaun
WGU D196 Principles of Financial and Managerial Accounting Study
Guide | Exam Questions and Answers | Comprehensive Course Review
https://www.stuvia.com/user/stuviaun
WGU D196 Principles of Financialhttps://www.stuvia.com/user/stuviaunPage
and Managerial Accounting Studyhttps://www.stuvia.com/user/stuviaunPage
Guide _1Exam
of 31https://www.stuvia.com/user/stuviaun
Questions and Answers _ Comprehensive
1 of 31https://www.stuvia.com/user/stuviaun
Course Reviewhttps://wwwhttps://www
, WGU Principles of Financial and Managerial
https://www.stuvia.com/userhttps://www.stuvia.com/user/stuviaun/stuviaun
Accounting D196https://www.stuvia.com/user/stuviaun https://www.stuvia.com/user/stuviaun
WGU Principles of Financial and Managerial Accounting D196
Study online at https://quizlet.com/_9g1az5
1. Accounting Sys- Used by business to:
tem 1. Analyze transactions
2. Handle routine bookkeeping tasks
3. Use the information to evaluate business performance
2. Analysis/Book-
keeping/Evalua-
tion
3. Accounting Quantitative information, primarily financial in nature, about economic entities
that is intended to be useful in making economic decisions
4. Decision-Making
Process
5. Business An organization operated with the objective of making a profit from the sale of
goods or services
6. Nonprofit Orga- An entity without a profit objective, oriented toward providing services efficiently
nization and effectively
7. Capital or Financ- Monetary resources that come from three sources: investors (owners), creditors
ing (lenders), and the business itself in the form of earnings
8. Revenues The amount of assets created through the sale of goods and services
9. Accountant Roles 1. Measuring and reporting: Using the accounting cycle to report the results of
in Business business activities
2. Advising: Using the reports gathered to inform managers on how to structure
activities to achieve the goals of the business
10.
WGU Principles of Financial and Managerial
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Accounting D196https://wwwhttps://www.stuvia.com/user/stuviaun.stuvia.com/user/stuviaun
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