________ Is the Process of Forecasting Future Expenses and Savings

question 38

Short Answer

________ is the process of forecasting future expenses and savings.

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Definitions:

Accounting Standards

Guidelines and principles designed to improve the transparency and consistency of financial reporting and accounting practices.

Managerial Accounting

The process of identifying, measuring, analyzing, and communicating financial information to managers for the pursuit of an organization's goals.

Financial Accounting

The process of recording, summarizing, and reporting the myriad of a company's transactions to provide an accurate picture of its financial position and performance.

Characteristics

Characteristics refer to distinguishing traits, qualities, or properties that identify and differentiate individuals, objects, or concepts.