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Rosa Rosa
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A year ago
Since external users of financial statements have no way to verify the reported information,

▸ FASB provides consequences to companies who distribute false managerial accounting reports to outsiders.

▸ GAAP provides a level of protection or assurance that the reports will follow certain standards.

▸ internal reports are provided to them by management.

▸ they cannot make informed decisions from financial information.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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apinaapina
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A year ago
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Rosa Author
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this is exactly what I needed
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Smart ... Thanks!
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