Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 10, Problem 8SAT
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Financial accounting and managerial accounting is not at all same thing.

Hence, the given statement is “False”.

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Students have asked these similar questions
The income statement and the balance sheet came into existence way before the statement of cash flows. The statement of cash flows was developed in the 1980s, so it hasn't been around for a long time. Why do you think that the statement of cash flows was created? What is the purpose of having a statement of cash flows?
So what is the function of accounting information systems in today's accounting?
What is Exploratory Testing?

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Principles of Information Systems (MindTap Course List)

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