ASSIGNMENT: Define the accounting function of a business. Why is accounting such an important function in business? How...

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Finance

ASSIGNMENT:
Define the accounting function of a business.
Why is accounting such an important function in business?
How might a company use accounting to understand its ownfinancial strengths and weaknesses?
Define the Finance function of a business.
Why is Finance an important function in business?
How might a company use finance to decide whether or not toundertake future projects?
What is the difference between short-term financing andlong-term financing?
Assume that members of Bill family form a corporation calledAccounting Software, Inc. (ASI). On December 1, 2013, severalmembers of Bill family invest a total of $10,000 to start ASI. Inexchange, the corporation issues a total of 1,000 shares of commonstock. What is the effect on the corporation’s accounting equation?Explain your answer.
Requirements:
Minimum Page Length – 2 full pages (excluding title/header andreference list); 12-point Times New Roman; double spaced; and pagenumbering.
Please be sure to answer the entire question to receive maximumcredit for this task.
Use and include information from the weekly course content andoutside sources to support the conclusions contained in thepaper.
Be cognizant of spelling, punctuation, and grammar.

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Define the accounting function of a business The primary function of the accounting function in a business is to keep a track record of the financial record keeping Operational expenses cash flows assets liabilities etc are analysed and kept a track of at a monthly quarterly and annual basis As a result See Answer

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ASSIGNMENT:Define the accounting function of a business.Why is accounting such an important function in business?How might a company use accounting to understand its ownfinancial strengths and weaknesses?Define the Finance function of a business.Why is Finance an important function in business?How might a company use finance to decide whether or not toundertake future projects?What is the difference between short-term financing andlong-term financing?Assume that members of Bill family form a corporation calledAccounting Software, Inc. (ASI). On December 1, 2013, severalmembers of Bill family invest a total of $10,000 to start ASI. Inexchange, the corporation issues a total of 1,000 shares of commonstock. What is the effect on the corporation’s accounting equation?Explain your answer.Requirements:Minimum Page Length – 2 full pages (excluding title/header andreference list); 12-point Times New Roman; double spaced; and pagenumbering.Please be sure to answer the entire question to receive maximumcredit for this task.Use and include information from the weekly course content andoutside sources to support the conclusions contained in thepaper.Be cognizant of spelling, punctuation, and grammar.