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Scope of Financial Accounting

 Financial accounting is a branch of accounting that deals with the recording, summarizing, and reporting of financial transactions of an organization. Its scope includes: 1. Reporting performance and position: Reporting the performance of an organization  as well as the state of the organization are the primary purposes. This can be seen through alternate names for the incomes statement and balance that were mooted for them namely the statement of financial performance and the statement of financial position. 2. Reporting to shareholders: Public traded companies accounts are relied on by more than direct shareholders. As a result of being publicly sold the scope of financial accounting information provided by these companies must also include the needs of potential investors to enable them to determine if they desire to invest in these companies. his he why publicly traded companies are required to publish their financial statement and make them the publicly available. 3. Reporting to

Advantages and Disadvantages of algorithm

Here are some advantages and disadvantages of algorithm  Advantages:   1. Provides a concise summary of an algorithm or process 2. Helps to focus on key ideas and concepts 3. Easy to review and refresh one's memory 4. Aids in problem-solving 5. Saves time and effort in taking notes 6. Helps to break down complex information into simpler parts 7. Facilitates understanding of difficult concepts 8. Helps to organize information 9. Enhances retention of information 10. Can be shared and used as a study tool Disadvantages: 1. May not provide enough detail to fully understand the algorithm or process 2. May omit important information that is necessary to understand the topic 3. Requires prior knowledge of the algorithm or process to create useful notes 4. May not work for every learning style or individual preference 5. May not be suitable for more complex topics that require detailed explanation 6. May not be effective for long-term learning or retention 7.May be too simplistic for some

what is an Algorithm

 An algorithm is a step-by-step procedure or set of instructions designed to solve a problem or perform a specific task. It is a well-defined set of rules or instructions that, when executed, produces a desired output or result. Algorithms are used in a wide range of fields, including computer science, mathematics, engineering, and many others, to solve complex problems and automate tasks. Algorithms can be expressed in a variety of ways, including natural language, pseudocode, flowcharts, and programming languages. They are an essential component of modern computing and play a critical role in many aspects of daily life, from search engines and social media to financial systems and medical research.  

Shorts notes c language

 C is a general-purpose programming language developed in 1972 by Dennis Ritchie at  Bell Labs. C is a compiled language, meaning that the code is converted into machine- readable format before execution. C is low-level language, meaning that it provides a deal of control over hardware resources and memory allocation. C is often used for system programming, embedded systems, and other application where performance and control are critical. C is a procedural language, meaning that it follows a step-by-step approach to solving problems. C supports a wide range of data types, including integers, floating-point numbers, characters, and arrays. C provides a rich set of operators for performing mathematical and logical operations. C includes standard libraries for performing common tasks, such as input/output operations and string manipulation. C code is typically written in a text editor and complied using a C complier, such as GCC or clang. C code can be run on a wide range of platforms, i

Nature of accounting

Nature of accounting: Accounting involves tracking, analyzing, and communicating financial information to help businesses make informed decisions. It requires knowledge of finance, economics, mathematics, and business management, and ensures compliance with relevant regulations and accounting standards.   The Basis  Features  of accounting are as follows 1 Accounting is a process 2 Accounting is  an Art 3 Accounting is means and not an end  4 Accounting Deals with financial information and transaction  5 Accounting is information system 

Meaning of accounting

  Meaning of accounting :  A ccounting is  the process of keeping track of an organization's financial transactions and records, and summarizing and communicating this information to relevant parties, such as investors ,creditors, and managers. It helps organizations to manage their finances effectively and make informed decisions about their business activities.

what is Functions ?

In c' we can divide a large program into the basic building blocks known as function .The function is the collection of one or more statement that enclosed in {}.A function can be called multiple time to provide reusability and modularity to the C program In other words ' we can say that the collection of functions creates a program .The function  is also known as procedure or subroutine in the programming languages