Dear Sir I haven’t got the meaning of ‘The inland revenue’ stated as a user of accounting information in the f1 lecture sheet, page 49. please, let me know about that. ?
In the Uk the Inland revenue is the government departmemt responsible for collecting taxes. That is probably a colloquial name and the official name is Her Majesty’s Revenue and Customs.
In the USA the department is known as the Internal Revenue Service.
From what i have gathered they are both equally important. Financial accounting is primarily for external purposes eg shareholders, stakeholders while managerial accounting is internal and is used to assist in the making managerial decisions on a more short term basis meaning for monthly budgets or monthly decision making for eg.
Muchas gracias!
Merci
Dear Sir
I haven’t got the meaning of ‘The inland revenue’ stated as a user of accounting information in the f1 lecture sheet, page 49.
please, let me know about that. ?
In the Uk the Inland revenue is the government departmemt responsible for collecting taxes. That is probably a colloquial name and the official name is Her Majesty’s Revenue and Customs.
In the USA the department is known as the Internal Revenue Service.
Basically, we are talking about tax authorities.
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thanks a lot
Can anyone help me please? am not being able to watch any video lectures.. i upgrade flash player and all but still cant watch them??????????
Which is more important “financial accounting or management accounting”?
From what i have gathered they are both equally important. Financial accounting is primarily for external purposes eg shareholders, stakeholders while managerial accounting is internal and is used to assist in the making managerial decisions on a more short term basis meaning for monthly budgets or monthly decision making for eg.
how many books are there in CAT programe