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Well, in many accounting situations, there is too much data to go through all the of it. For example, if we are looking about Ford motor corp, and looking at some specific data, their may be too much to analyze, so we take a sample. Then we need to know how big a sample to take so we can say with 95% confidence that our results are representative of all the data. Statistics tells us what sample size we need.
What else can I help you with?
What has the author Walter B Meigs written?
Walter B. Meigs has written: 'Study guide' 'Intermediate accounting' 'Palisades Corporation' 'Examination questions for use with Intermediate accounting' 'Study guide for use with Intermediate accounting' 'Accounting, the basis for business decisions' 'Accounting work sheets for use with Financial accounting' 'Solutions manual for use with Financial accounting' 'Solutions manual for use with Financial accounting' 'Accounting: the basic for business decisions' -- subject(s): Accounting 'Study guide for use with Financial accounting' 'Study Guide for Use With Accounting' 'Principles of auditing' -- subject(s): Auditing 'Intermediate accounting [by] Walter B. Meigs [and others]' -- subject(s): Accounting 'Achievement tests and comprehensive examinations for intermediate accounting' 'Study guide for use with Modern advanced accounting'
What is an accounting software that is simple to use?
There are many accounting software that are simple to use. You can locate them on the internet, but here are just a few; Easy Accounting, Simple Accounting, and Top Accounting.
What is self accounting system?
use of manual accounting
What has the author David H Marshall written?
David H. Marshall has written: 'Accounting and Finance for Insurance Professionals' 'Accounting' -- subject(s): Accounting, Managerial accounting 'Study Outline/Ready Notes/Solutions to Odd Number Problems for use with Accounting' 'Selected chapters from accounting' 'Study Guide and Workpapers for Use With a Survey of Accounting' 'Study Guide and Working Papers for use with Accounting'
What type of accounting does partnership use?
A partnership uses whatever type of accounting its bank wants it to use.
What is management accounting information used for?
Management accounting or managerial accounting is concerned with the provisions and use of accounting information to managers within organizations, ...
Why use quickbooks?
QuickBooks is used for keeping track of accounting within small businesses.
How do you use the word accounting in a sentence?
http://www.yourdictionary.com/examples/accounting hope this helps!
What is accounting?
Accounting is the present participle of account, or the development and use of a system for recording and analyzing finances.
Who uses accounting information?
Many people use accounting information including investors, government entities and shareholders. Since so many people use accounting information, the reports must be accurate.
What is difference between management account and cost account?
Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.
A basic difference between managerial accounting and financial accounting is that managerial accounting?
One basic difference between managerial accounting and financial accounting is that managerial accounting is used internally instead of externally for investors. Managers use managerial accounting to determine what level of output is appropriate for their departments.
