You are required to throw light on legal and regulatory issues to be considered by Toyota while preparing various reports based on managerial accounting concepts.
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- What is financial accounting? How does it differ from managerial accounting? Why is this important to know?Do you think financial statements are essential to the government? Explain NOTE: No plagiarism from the internet, please! I need your own explanation for me to understand in a deeper explanation. Thank youShould a management accounting system provide both financial and nonfinancial information?
- The importance of literacy in business accounting?In what respect are traditional accounting systems deficient in terms of the goal of managing andcontrolling quality?You have been asked by the board of directors of a listed bank to update them on the emerging corporate governance issues that should be of interest to them. Research and prepare a report for the board on the corporate governance issues that should be of current concern to thedirectors of this company.
- Write 5 SMART goals on how you will be evaluated on your work as a Accounting ManagerIt is vital for the management of the accounting firm to be aware of suitable knowledge management systems for theirbusiness. Analyse and report on the types of knowledge management systems suitable for the accounting firm.Bankers usually insist that prospective borrowers submitaudited financial statements along with a loan application.Why should financial statements be audited by a CPA?
- Do you think small and micro businesses like sari-sari stores or street vendors use accounting information?Good governance on accounting reports is beneficial to the business. Please state five (5)reason for that.Assuming you are an accountant to a bank, draw up a comprehensive fraud risk assessment that would incorporate a formal process of accountability and responsibility going forward to the bank.