hho8e_ewp_15-14 - role of management. provides information...

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a. b. c. d. e. f. g. systems are not restricted by GAAP but are chosen by comparing the costs versus the benefits of the system. Choosing goals and the means to achieve them is the function of management. E15-14 (5 min) Companies must follow GAAP in their systems. When managers compare the company's actual results to the plan, they are performing the
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Unformatted text preview: role of management. provides information on a company's past performance. Financial accounting develops reports for external parties, such as and are decision makers inside a company....
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This note was uploaded on 01/13/2012 for the course EAC 2221 taught by Professor Smith during the Spring '11 term at FIT.

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