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The primary private sector agency that overseas external financial reporting is?
The primary private sector agency that overseas external financial reporting is?
Which module is used for external financial reporting?
The module commonly used for external financial reporting is the Financial Accounting (FI) module in ERP systems like SAP. This module facilitates the management of financial transactions, accounting records, and reporting requirements necessary for compliance with external standards and regulations. It allows organizations to generate financial statements, balance sheets, and profit and loss reports, ensuring accurate and timely reporting to stakeholders.
In what various ways can and should financial reporting be different from reporting from reporting to management?
Financial (external) reporting produces information used by external users, investors, regulatory authorities, etc. who are concerned with the overall financial situation of the company. External reporting should put a premium on accuracy and understandability. Cost Management (internal) reporting or accounting focuses on analyzing costs and their drivers--for internal purposes such as measuring efficiency or decision making processes. Although accuracy and understandability are still important, internal reporting focuses more on timeliness and relevance.
Internal and External Reporting Requirements?
differentiate between financial Accounting and management accounting
What is the cornerstone of external financial reporting for governmental units and non profit organizations?
accountability
The minimum requirements for general purpose external financial reporting include what?
Management's Discussion & Analysis (MD&A)
How often do publicly traded corporations typically prepare financial statements for external reporting purposes?
quartwly
What has the author Michael Renshall written?
Michael Renshall has written: 'Added value in external financial reporting'
What is an external auditors report?
external auditors focus primarily on controls that affect financial reporting. External auditors have a responsibility to report internal control weaknesses (as well as reportable conditions about internal control)
What is an example of the external financial reporting purpose of the cost management systems?
The amount of inventory that should appear on the balance sheet
What is an example of the external financial reporting purpose of cost management system?
The amount of inventory that should appear on the balance sheet
Is an example of the external financial reporting purpose of the cost management systems?
The amount of inventory that should appear on the balance sheet
