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Unformatted text preview: bjective: 0103 Explain
the importance of financial
accounting information for external
parties—primarily investors and
creditors—in terms of the
objectives and the characteristics
of that information. True / False 6. awar d: 5 out of
The CPA examination is administered by the General Accounting Office of the U. S. Government.
Learning Objective: 0106 Identify
and discuss several professional
organizations that play important
roles in preparing and
information. True / False 7. awar d: 5 out of
Financial accounting information is:
Designed to assist investors and creditors.
Not used by managers and in income tax returns.
Called "specialpurpose" accounting information.
Not applicable to individuals. Multiple Choice e z to.mhe c loud.mc gr a w- hill.c om/hm_a c c ounting.tpx? todo= pr intvie w Learning Objective: 0101 Discuss
accounting as the language of
business and the role of
accounting information in making
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This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.
- Fall '08