Need clear answers and explanation for these questions. Unlike Financial Accounting, Management Accounts are prepared forinternal use and usually comprise of various reports. For each type oforganization, you are required to:1. Indicate what types of reports (state at least 3) you think they mayproduce for management's use. e.g. a service company will notproduce a production budget because they buy and sell goods; they donot manufacture goods. They will produce a Sales Forecast2. For each report, indicate what you think the report may include andfor what purpose they will use the report e.g. a production budget willbe used to forecast the number of items they wish to produce in thenext 6 months to meet the expected demand

As per Cost & Management Accountant , London the Management…

Answered: Unlike interna

Business

Accounting

Unlike interna

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Electronic Health Records, HIPAA, and HITECH

Electronic health records mean maintaining patients’ medical records in an electronic version. Electronic health records are patient-centric records that provide patient information immediately and enable the authorized person to access them. Electronic health records contain the details of patients, treatment details, medical records, radiology reports, and laboratory reports.

Question

Need clear answers and explanation for these questions.

Unlike Financial Accounting, Management Accounts are prepared for
internal use and usually comprise of various reports. For each type of
organization, you are required to:
1. Indicate what types of reports (state at least 3) you think they may
produce for management's use. e.g. a service company will not
produce a production budget because they buy and sell goods; they do
not manufacture goods. They will produce a Sales Forecast
2. For each report, indicate what you think the report may include and
for what purpose they will use the report e.g. a production budget will
be used to forecast the number of items they wish to produce in the
next 6 months to meet the expected demand

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