quizztienganh3

................. (manage) accounting involves the development and interpretation of accounting information intended specifically to aid management in running the business.

2.  Bankers and bondholders, as the major creditor groups, are ................. (outside) because they usually have no management functions.

2.  When a specified time period is up, these losses and gains are ................. (analyze) according to a pre-defined format.

4.

Fund accountants balance a set of accounts, to report on how budgets were spent, rather than

for..............

(calculate) profit.

 

Other companies pay for individuals that have been with the company for a long period of time to go back to college and complete specific classes .................

(need) for the accountant position.

Accountants who .................(special) in income taxes, for example, must have a thorough knowledge of the extremely complicated tax codes of their country and region.

 

7.

Reports on past... (perform) and current financial status are useful only as input to decisions about courses of action that will lead to future performance and status.

 

Accounting is also .................(intimate) involved in sorting out the financial interests of the parties involved in all kinds of relationships.

 

 

Stockholders want some indication of the potential for return on their  .............

(invest).

10.

Decisions to open new plants, lay off workers, locate in foreign countries, and close banks and

savings and loans are all based to some degree on financial information .................(provision) by

the accounting system.