explain in detail, what is a firm, why firms exist and what are Coasian transaction c osts?

Q: What is an agent, and what is a principal? Whatkinds of situations in companies give rise to…

A: Agent: The agent is the person authorized by the principal or business to act on behalf of them.…

Q: What is matching principle and give example of business situation of it

A: Accounting is a process which is followed by complying with various accounting principles. One of…

Q: Agency theory is related to behavior of principle and agent. Explain agency theory by giving an…

A: Agency theory is defined as the principal theory, which used to explain as well as resolve the…

Q: Accounting function definition in a firm. Whence comes the function, and why is it required? What…

A: Accounting is the systematic and detailed documentation of a company's financial transactions in a…

Q: b. What are stakcholders? Explain the environment in which a business exists.

A: Stakeholders are the persons who have interest in the organisation and are affected or can affect…

Q: What does this tell us about a company?

A: Total Asset Turnover ratio means the turnover contributed by the total asset of the company. Higher…

Q: Analyze the impact of external factors (i.e., external to the company) on a company’s financial…

A: PESTEL analysis is one of the most important tools used by businesses to understand the industry and…

Q: explain the differences among business processes, information systems and applications. State the…

A: Business process: A business process is a series of steps to accomplish a concrete purpose carried…

Q: What is matching concept? Why should a business concern follow this concept? Discuss.

A: Matching concept: According to this principle, the expense should be recognized when it is actually…

Q: Importance of gatekeeper in company and financial?

A: Gatekeeper     The set of institutions, as well as actors, help to provide investors with the time…

Q: What is a computerized accounting system? Write its advantages and disadvantages?

A: Computerized Accounting System It is a system where accounting Transactions are recorded using a…

Q: What is meant by company and essential characteristics of a company?

A: Company: The form of business entity, which is incorporated by state law into a separate legal…

Q: What are different forms of business organization? Write down their advantages and disadvantages.

A: Sole proprietorship, partnership, and company are the three basic types of business ownership. In…

Q: What is the so-called BUSINESS JUDGMENT RULE? Discuss

A: Business Judgment Rule:- The business judgment rule is a presumption that in creating a business…

Q: What is meant by GAAP? Why should all companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Explain the features ofa corporation

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: QUIRED: Identify business and nonbusiness transactions

A: Business transactions are identified as economic events that are made with a third party and these…

Q: How stable are the company’s operations?

A: The cash flow statement is a record of the use and source of cash available for the firm during a…

Q: Explain the accounting function within a firm. What does this function do, and why is it important?…

A: Accounting function: It is possible to classify accounting functions into two groups of functions,…

Q: Explain whether the cost of accounting systems primarily support internal or external reporting

A: Cost Accounting System: Cost accounting system can be defined as a framework designed by the…

Q: Identify the party below that is not external to the firm. A vendor B government agencies C)…

A: External party is an entity, individual or organization that is outsider of firm.

Q: What is business entity principle give example of business situation of it

A: Bussiness entity concept is one the accounting principles. It says that the bussiness and its owners…

Q: Define strategy in accounting?

A: Strategic management accounting refers to the managing and analyzing finances of company which help…

Q: What is business entity concept?

A: PLEASE GIVE A LIKE   .    It is a concept of accounting which refers to the transactions taking…

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: What is a business activator?

A: The business is an organization that is managed by a group of people or by an individual to sell the…

Q: The firm takes into account the timing of a transaction whether it is advantageous or not to the…

A: SAVANT is an acronym for – Strategy, Anticipation, Value adding, Negotiation and transformation. It…

Q: What does the going concern assumption mean for a business?

A: Going concern assumption: Going concern concept assumes that the business will remain in operation…

Q: Give an example of how cardinality relates to business policy.

A:

Q: What is the objective of the firm?  Why?

A: Business firm are defined as the combination of the financial, physical, and the manpower resources,…

Q: Why is hedging relevant for a company?

A: Hedging represents the strategy of risk management in order to offset the losses associated with the…

Q: What aspects of accounting are being influenced by information technology? Explain

A: Introduction: Computers and accounting software are used in computerized accounting to record,…

Q: Micro-business entities can use which basis of accounting

A: Micro business entities have the option to us any of the following basis of accounting in the…

Q: Explain the model business coporation act.

A: Corporation: A corporation is a form of business entity that is incorporated through the state…

Q: What is the business value of the Lexis-Nexis DSS?

A: Business valuation is the process of evaluating the economic value of a whole company or company…

Q: Explain business entity concept in detail with example.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarizing and…

Q: Why is it important to understand the economic systemunder which a company operates before entering…

A:

Q: Explain what breakeven point is and why it is important for business?

A: Breakeven point is that point of sales at which there is no profit and no loss. It means company is…

Q: How can we check the Assets of the firm?

A: The question is based on the concept of financial statement and reporting. Financial statement…

Q: What exactly are the most important financial KPIs that inform business strategy?

A: The key performance Indicators are the bases for comparing the companies in industry. Companies in…

Q: Accounting System Analysis

A: Accounting System analysis. It is a mordern account concept where in it no any error and very fast…

Management Information Systems

While undertaking any business decisions, data is the most important aspect. An information system (IS) is a set of data, computing devices and management methods that support routine company operations. A management information system (MIS) is a specific subset of IS.