financial statements
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Free InquiryMost of the time scholars advice to be careful when you rely on the managerial account statement when it comes to making decisions. External financial are designed for wide range of users. On the other hand, the purpose of internal financial statements is to satisfy specific user requirements. Which requires speculation and projections for development. We can prepare financial statements according to different accounting basis which provide a different view of the business performance and the financial position of the reporting entity. based on this info would you recommend a new small business to make a critical comparison of financial and managerial accounting or do you have any other thoughts?
and what references helped you to answer this question.
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