The primary objective of financial accounting is: A、To serve the decision-making needs of internal users. B、To provide financial statements to help external users analyze an organization's activities. C、To monitor and control company a
Many people believe this is the primary duty of a financial advisor; however, how the work is completed can differ dramatically among advisors. Some advisors prefer to conductportfolio managementactivities in-house, while other advisors use third-party money managers. Advisors that do this work inte...
Producing financial statements, including trading and profit & loss. It also includes the balance sheet. Payments – paying creditors (bills/invoices) and employees. The finance department is responsible for the management of the organization’s cash-flow and has to make sure there are sufficient ...
In most organizations, FP&A is part of the finance department and reports directly to the chief financial officer (CFO) or the director or VP of financial planning and analysis. Unlike accounting which focuses on past financial results and regulatorycompliance, FP&A has a forward-looking mission. ...
If you are self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business. Freelancers, contractors, side-giggers and small business owners typically attach this profit or loss schedule to the
Definition of Service Department A service department is usually associated with a manufacturer’s production departments. However, a service department does not produce any of the factory’s output. Instead, it provides services to the production departments. Each service department is responsible for ...
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Financial literacy, sometimes under the umbrella of financial wellness, is the understanding of financial concepts – like interest rates, student loans, credit scores and budgeting – and how your personal finances work. Not having an understanding of some of these concepts can ...
A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans,investments, and currency exchange. Financial institutions include a broad range of business operations within the financial services sector, including banks, ins...
Financial Services Agency, or FSA, is a Japanese government entity responsible for overseeing banking, insurance, and securities and exchange. The role of the Financial Services Agency is to ensure the stability of Japan's financial system; the protection of depositors, insurance policyholders, and ...