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1 year ago

How would a company report a change in an accounting principle made on the last day of the third quarter?

1 answer:

8 0

If a company changes an accounting principle on the last day of the 3rd quarter they need to apply a retrospective application to all pre-change interim periods reported.

<h3><u>What is accounting?</u></h3>

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period.
One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.

Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.

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An organization's internal stakeholders consist of Multiple Choice a.the board of directors, customers, and local government.b.t

Andrej [43]

The board of directors, employees, and owners are an organization's internal stakeholders.

<h3>What is the role of internal stakeholders?</h3>

People who have a direct interest in a company, such as through employment, ownership, or investment, are said to be internal stakeholders. External stakeholders are people who do not directly work for a company but are nonetheless impacted in some way by the decisions and results of the enterprise. They participate in the company's management and have voting rights.

They are both members of the board of directors and the company's largest investors. As a result, they possess all the authority that other members of higher-level management do and are able to alter the course of the business. According to research, employees are by far the most significant stakeholder group for organizations, coming out ahead of clients, vendors, neighborhood associations, and shareholders by a wide margin.

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7 0

5 months ago

Examples of utilities that make it possible for people to create and share multimedia files include _____.

lozanna [386]

include: Audio Recorders, QuickTime, RealPlayer, video players.

Hope this helps!

4 0

2 years ago

Read 2 more answers

Private enterprise is most unlikely associated with

Nutka1998 [239]

A because capitalism is FREE enterprise and public companies don’t relate to either of them

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2 years ago

According to the official measure of poverty, in 2009 the poverty rate of families in the United States was Select one:

Svetlanka [38]

Answer:

I think (a).

Explanation:

l am not sure about it

3 0

2 years ago

Benchmarking involvesA. comparing how different companies perform various value chain activities and then making cross-company c

Vinvika [58]

Answer:

Letter A is correct. <u>Comparing how different companies perform various value chain activities and then making cross-company comparisons of the costs of these activities.</u>

Explanation:

The most suitable alternative to this question is letter A, because the definition Benchmarking can be defined <u>as the process and search for in-depth knowledge about your competitors and the way they carry out their activities. </u>

It consists of investigating competitors in order to compare operations, products and services between a company and its main competitors. Through the research of competitors it is possible to better understand the market and adapt the best practices to be successful, in addition to achieving continuous improvement of processes, in addition to reducing errors and costs through the analysis and knowledge of the actions of competing companies.

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2 years ago