F M Worthen Introduction Managerial Accounting DB 1.docx

F M Worthen Introduction Managerial Accounting DB 1.docx -...

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Type: Discussion Board Unit: Introduction to Managerial Accounting You are the chief executive officer of a multinational corporation that operates wholly owned subsidiaries in several countries. One of the company’s manufacturing plants is located in Europe. As CEO, respond to the following questions in 400-600 words: What types of internal and external accounting reports will you use in the process of making decisions? Being the Ceo is a big responsibility. I will use the following for Internal Reports: Receivable Aging Schedules, Payable Aging Schedules, Performance Dashboards, Physical Audits, Standardized Documentation, Trial Balances, Periodic Reconciliations and Approval Authority. With the External Reports I will use both of the classifications that external reports are accomplished by “ reporting on a voluntary basis by the entity in view of its aim as well as for the purpose of accountability,” and “report on a mandatory basis, which is important for an entity so that it achieves its goals.” with Audit Reports (such as unqualified opinion,
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  • Spring '12
  • JamesKeating
  • Balance Sheet, Corporation, Auditor's report, Chief Executive Officer

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