Principles of managerial accounting
Review the data included in the Balance Sheet and Income Statement (no specific company, only in general). Discuss various users (e.g. internal – management and employees; external – investors, creditors, etc) of financial statements and why they find the information useful. For this and all other Discussion questions, post an initial response (at least 1500.5 pages words)
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The financial statements are useful to both the internal and external users in making informed decisions. The internal users of the financial statements include the management who use the information in the analysis of the position and performance of the organization in order to take appropriate measures to improve the results. The employees also use them in assessing…
(231 Words)