Identify the six correct accounting activities from the list of 10 shown below

Identify the six correct accounting activities from the list of 10 shown below: (Points : 2)     

        Helps in profit planning and preparation of budgets

        Presenting data on a quarterly basis for audit purposes

        Explaining cost data for quality analysis and control purposes

        Analyzing intracompany cost-volume-profit relationships

        Gathering and presentation of decision-making data

        Benchmarking of standardized and planned costs to compare against actual costs

        Determining manufacturing and service costs

        Creating financial statements for reporting purposes

        Analyzing and explaining the costs involved in producing or providing goods and services. Then explaining    how they are reported in financial statements

        Using GAAP to prepare reports to be audited by CPAs

Solution

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