You just attended a conference which titled “Issues in Financial Reporting’. Your Financial Accountant wants the Accounting Team to get some update from the conference you have just attended. Your Financial Accountant requested you to write a REPORT and explain the following issues: a) What is the importance of Financial Reporting
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You just attended a conference which titled “Issues in Financial Reporting’. Your Financial Accountant wants the Accounting Team to get some update from the conference you have just attended. Your Financial Accountant requested you to write a REPORT and explain the following issues:
a) What is the importance of Financial Reporting
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Solved in 3 steps
- What is the most important knowledge you were able to generate from taking Financial Accounting and Reporting? Kindly Explain.Describe the responsibilities of a financial analyst. Write five to seven bullet points outlining the responsibilities of a financial analyst. Write in complete sentences. Use an example to discuss the importance of analyzing and managing finances to help make business decisions. How do these responsibilities help inform management decisions? What would happen if management didn’t have this information? Consider the bullet points you outlined in the previous section. Then write a brief paragraph that answers the following questions. Use examples to support your claims. Explain how to use accounting principles to analyze a business’s financial health. Give examples to support your claims. What accounting information do financial analysts use? What would happen if that information was not available or was not accurate? Write a brief paragraph that explains how financial analysts use accounting principles to analyze a business’s financial health. In your paragraph, also answer…Research the topic "data analytics". After completing the research: Describe the understanding of data analytics. Be sure to include its impact on the accounting community and financial accounting specifically. Why does one think it is a major focus of the updated CPA exam?
- Why would a client ask an accountant to report on a financial statement element?Briefly explain the overall objective of a financial manager. Include in your response any one of the three fundamental decisions a financial manager would be faced with. You may want to refer to the fundamental accounting equation in your response.He has asked you to provide a definition of a conceptual framework for financial reporting and discuss its role in accounting and identify and evaluate the main issues likely to be addressed by a conceptual framework.
- can someone explain the steps they took to solve this practice problem for my financial accounting class? thank you!A friend asks you about whether GAAP requires companies to disclose forecasts of financial variables to external users. She thinks that information could be very useful to investors.Required:1. What are the two primary qualitative characteristics of accounting information?2. Does GAAP routinely require companies to disclose forecasts of financial variables to external users? Indicate yes or no and explain how your answer relates to the qualitative characteristics of accounting information.Will you hire an accountant to prepare financial state-ments for your firm?
- Please help with explaining how I can answer the following if I chose the role of an investor: choose the role of an investor, creditor, taxpayer, or benefactor of one of the organizations they have presented. Referring to the information provided by your classmates related to the informational needs of the user group you have chosen, state whether the objectives of financial reporting they have listed meet your needs, whether any additional information is needed by your user group, and why this information would be beneficial to the financial decisions you would need to make. Are there any additional objectives that should be listed for your user group, if so what are they? How do your needs differ from the other user groups? The information is below: For both our initial discussion and my final project, GEB will be the nonprofit (NFP) organization I study along with Peekskill, NY as the local government. Both are in neighboring towns to my home base. Home Depot will be the…What are the best accounting and finance resources? Note: I want to know the best accounting and finance learning resources that I can study from and refer to in case I want to relearn something related to finance or accounting again.What are some specific activities that a financial manager does? For example: Review balance of company accounts. I want to know more about the exact day-to-day activities of a financial manager, such as the example I just gave.
