Question
1. Explain why the process of reporting to external users is subjected to more rules and regulations compared to the process of reporting to internal
1. Explain why the process of reporting to external users is subjected to more rules and regulations
compared to the process of reporting to internal users.
2. Explain the importance of the information about business entities and the environment they are
operating in to the users of financial statements
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
