WGU C213 Accounting for Decision Makers
WGU C213 Accounting for Decision Makers Accounting the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping the preservation of a systematic, quantitative record of an activity accounting system used by a business to handle routine bookkeeping tasks and to structure the information so it can be used to evaluate the performance and financial status of the business Accounting information Info that is intended to be useful in making decisions about the future. The balance sheet, the income statement, and the statement of cashflows What are the three primary financial statements? External Users Who is financial accounting information primarily prepared for and used by? Managerial Accounting the name given to accounting systems designed for internal users Balance Sheet Reports a company's assets, liabilities, and owners' equity Income Statement reports the amount of net income earned by a company
Document information
- Uploaded on
- August 31, 2023
- Number of pages
- 10
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
