Question: Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not?

Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not?

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1.Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not?

Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not?

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