Ask Question
BusinessBusiness
6 June, 22:27

The recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions. What is it?

+1
Answers (1)
  1. 6 June, 23:42
    0
    The answer is, Accounting!

    Explanation:

    Accounting is more like the Language of finance and wealth.

    Accounting supports and promotes taking better informed and well managed decisions for the development of individual investors and the economy as a whole.

    Proper accounting process is a vital part of a country's/company's/individual's accelerated and progressive development as good financial decisions eventually leads to higher returns and mitigated financial risk.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The revenue recognition principle a. is not in conflict with the cash method of accounting b. states that revenue is not recorded until the cash is received c. controls all revenue reporting for the cash basis of accounting d.
Answers (1)
identify the phases of mitosis that the Animals and Plants are in describe the events of this phase and in particular identify between the Animals during the phase
Answers (1)
If your nominal wage rises but you think that it automatically means your real wage rose, then:a. you are suffering from money illusion. b. you are experiencing the substitution effect. c. you are suffering from the heterogeneity illusion effect. d.
Answers (1)
The cash account of randell corp. reported a balance of
Answers (1)
Which of the following is money borrowed from a business or investment which must be repaid over time with interest? Debt capital Equity capital Venture capital Investment capital
Answers (1)
New Questions in Business
A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as an increase of a.
Answers (1)
What is a diversionary incentive? a. a temptation to switch trading partners to get a better deal b. an opportunity to change international agreements while other states are preoccupied with a conflict c. a payoff for avoiding war d.
Answers (1)
A business may decide to pay employee salaries every week, every two weeks, twice a month, or once a month. True or False?
Answers (1)
Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.
Answers (1)
Why does unoka consult the oracle? what does the oracle tell him?
Answers (1)
Home » Business » The recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions. What is it?
Sign Up Forgot Password?