Identify the Following Terms

question 55

Short Answer

Identify the following terms:
Philippines, July 1946

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Definitions:

Managerial Accounting

The process of identifying, measuring, analyzing, and interpreting accounting information by business managers to make informed strategic decisions.

Company's Assets

A company's assets are resources owned by the company that have economic value and can be used to meet its debts, commit to spending, or invest in future business activities.

Budgeted Balance Sheet

A budgeted balance sheet is a financial statement that projects the financial position of a company at a future point in time, detailing assets, liabilities, and equity based on anticipated financial activities.

Financial Budgets

Projections of a company's income, expenditures, and capital needs, used to manage spending and achieve financial goals.