Why managerial acctg needs more than GAAP financial stmts
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Please provide some ideas for discussion about managerial accounting and how GAAP statements are not sufficient.
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Solution Summary
Your discussion is 200 words and explains why managers need more than traditional GAAP financial statements. Examples are given.
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Your discussion is 200 words and explains why managers need more than traditional GAAP financial statements. Examples are given.
The basic income statement, required by GAAP, has many uses but managing the business requires much more extensive information for feedback, control, and planning. For instance, to budget and forecast, total expenses are not ...
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