Why are traditional, GAAP-based financial statements not necessarily useful to managers and other internal parties?
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Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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GAAPbased financial statements which are prepared for external parties ...View the full answer
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Related Book For 
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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