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Chapter 1 Introduction to Managerial Accounting

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Question;25) The SEC requires that reports;generated by the managerial accounting system must be audited by an independent;certified public accountant (CPA).;26) The design of a management accounting;system should consider how reports affect employees' behavior.;27) GAAP must be followed when preparing;managerial accounting reports.;28) Management accounting requires;independent audits of the firm's books.;29) The primary purpose of managerial;accounting information is to help external users make investing and lending decisions.;30) Internal users such as managers are;the primary users of managerial accounting information.;31) The primary managerial accounting;product is the company's audited financial statements.;32) Managerial accounting information;emphasizes relevance over reliability and objectivity.

 

Paper#55009 | Written in 18-Jul-2015

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