1.13Match the following terms to the appropriate statement. Some terms may be used more than once and some others may not be used at all: Direction A. Accounting systems that must follow Generally Accepted Accounting Principles Creditors B. External parties for which financial accounting reports are prepared Audit C. Terms played by managers when monitoring day-to-day operations and keeping the company on track Financial D. Internal decision-makers Managerial E. Accounting system that provides information about the company's past performance. Directors F. Accounting system not limited by GAOP Programming G. The function of management that includes the selection of goals and decides how to achieve them. Shareholders
1.13Match the following terms to the appropriate statement. Some terms may be used more than once and some others may not be used at all: Direction A. Accounting systems that must follow Generally Accepted Accounting Principles Creditors B. External parties for which financial accounting reports are prepared Audit C. Terms played by managers when monitoring day-to-day operations and keeping the company on track Financial D. Internal decision-makers Managerial E. Accounting system that provides information about the company's past performance. Directors F. Accounting system not limited by GAOP Programming G. The function of management that includes the selection of goals and decides how to achieve them. Shareholders
1.13Match the following terms to the appropriate statement. Some terms may be used more than once and some others may not be used at all: Direction A. Accounting systems that must follow Generally Accepted Accounting Principles Creditors B. External parties for which financial accounting reports are prepared Audit C. Terms played by managers when monitoring day-to-day operations and keeping the company on track Financial D. Internal decision-makers Managerial E. Accounting system that provides information about the company's past performance. Directors F. Accounting system not limited by GAOP Programming G. The function of management that includes the selection of goals and decides how to achieve them. Shareholders
1.13Match the following terms to the appropriate statement. Some terms may be used more than once and some others may not be used at all:
Direction
A. Accounting systems that must follow Generally Accepted Accounting Principles
Creditors
B. External parties for which financial accounting reports are prepared
Audit
C. Terms played by managers when monitoring day-to-day operations and keeping the company on track
Financial
D. Internal decision-makers
Managerial
E. Accounting system that provides information about the company's past performance.
Directors
F. Accounting system not limited by GAOP
Programming
G. The function of management that includes the selection of goals and decides how to achieve them.
Shareholders
Process of recording, summarizing, and analyzing financial information to prepare financial statements, and making them available to stakeholders, thereby enabling them to make an informed decision about the company. Financial reporting is an extension of financial accounting that deals with the presentation of financial information in accordance with the requirements of prescribed accounting standards.
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