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How can the tools in assessing accounting quality assist financial analyst

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5Q: Which area of accounting needs a computerized accounting information system the mostâ€”payroll, tax,...

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Similar questions

What are the key differences between financial accounting and managerial accounting?
External users of accounting information would include ________________. employees managers investors supervisors
How do the subject matter of reports and the verification of reports differ between financial accounting and managerial accounting?
Discuss what information would be most useful for these users of accounting information: Management Employees Investors Creditors Customers Tax authorities
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Indicate whether each statement describes financial accounting or managerial accounting. The information is directed at external users who are making decisions pertaining to investing, extending credit, and other decisions. The principal users are the organizations managers. The key focus is on the entity as a whole. The rules and principles are very flexible. The information gathered is usually available after an independent audit has been completed.
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Why is it important to learn all of this terminology when accounting is a quantitative subject?