Accounting Answers

why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not?

Why is it important for an implementation plan to be properly resourced?

Describe a process by which you would develop modifications to procedures to facilitate internal controls.

Describe the role that performance indicators could have achieving organisational success and compliance with organisational internal controls

Why should transactions be entered promptly and correctly in accordance with organisational requirements?

List the determinants of the demand for pizza. Give an example of a demand schedule for pizza and graph the implied demand curve. Give an example of something that would shift this demand curve. Would a change in the price of pizza shift the demand curve?

Give an example of an important trade off that you have done in your life and identify the economic impact of such.

Identify an economic policy and discuss whether you agree with the policy or not and why?

1. What do budgets show that helps decision-makers decide which projects to fund? Include both internal and external funders.
2. List several criteria management might use to complete the project selection process.

1. What is the budget calendar
2. Describe how the accountant assists decision making by identifying budget trends
3. What three steps should be undertaken when making assumptions about feasibility?
4. What accounting standard is relevant to feasibility projections and what other safeguards ought to be considered in regard to budget reporting?
5. Internal management and external funding bodies use budgets to help assess which projects should be chosen. How are new project budgets constructed?

What five factors should the annual reporting timeline cover?