With regards to the services provided to customers, Management Information System in banks need to provide which of the following reports to the management?A. The account with balance more than a specific amount.B. The routine payments not made.C. A sudden rise and fall in the account movement.D. The defaults on loan repayment.Options Only A and B Only B and D Only A, B and C Only A, B and D All - A, B, C and D

Which of the following sections in a bank's annual report primarily provides an overview of its financial health?Chairman's statementManagement discussion and analysisAuditor's reportNotes to the accounts

Using your chosen companies in part 1, describe the process the companies would have used to record transactions and consolidate them into financial statements.Describe the differences in reporting requirements between your chosen companies.Provide at least three examples of recording business transactions. Make sure to identify which items are asset, liability, equity, revenue, and expense accounts.

Owners, creditors, and suppliers will be most interested in which type of accounting report?Multiple choice question.financial statementstax returnsrequired governmental reports

Difference between Management and Financial accounting Management Accounting Financial AccountingInformation usually/mainly produced for Internal use e.g. managers and employees External use e.g. stake holder, payable, lender, banks, government etc.Purpose of Information To aid planning, controlling and decision making. To record the financial performance in the period and the position at the end of that period.Legal Requirement None Limited companies must provide financial accountsFormats Management decide on the information they require and most useful way of presenting it. Formats and contents of financial accounts intended to give true and fair view, should follow accounting standards and company law.Nature of information Financial and Non- financial Mostly financial Time period Historical and forward working Mainly a historical researchExplain this in detail by making table and please use easy wording because i am not good in English and also give each example

Which of the following is NOT a characteristic of management accounting?Non-mandatory reportingEmphasis on financial data onlyProvides information for internal usersFocus on future events