Why is a distinction made between company financial statements drafted for the managers purposes (internal use) and

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Why is a distinction made between company financial statements drafted for the managers’ purposes (internal use) and company financial statements for external use?

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Posted: Aug 30, 2023 05:29 AM

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Why is a distinction made between company financial statements drafted for the managers purposes (internal use) and

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A distinction is made between financial statements prepared for internal use by managers and financial statements prepared for external use due to the different purposes audiences and regulatory requi...View the full answer

Fundamental Accounting

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