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An article suggests: A monumental change is emerging in accounting: the movement away from the decades-old method of periodic financial statement reporting and its lengthy

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An article suggests: A monumental change is emerging in accounting: the movement away from the decades-old method of periodic financial statement reporting and its lengthy closing process, and toward issuing financial statements on a real-time, updated basis ... real-time financial reporting provides financial information on a daily basis. Current technology allows for financial events to be identified, measured, recorded, and reported electronically, with no paper documentation. (Source: "Real-Time Accounting." The CPA Journal, April 2005). Required: Using the information from the article above, answer the following questions in the left column using the dropdowns in the right column Indeed, many corporations are pressing their finance and accounting departments for more timely financial 1. information and ad hoc analysis. Would a shift toward real-time financial statements make the financial information more useful or less useful? Indeed, many corporations are pressing their finance and accounting departments for more timely financial 2. information and ad hoc analysis. Would a shift toward real-time financial statements make the financial information more or less relevant? Indeed, many corporations are pressing their finance and accounting departments for more timely financial 3. information and ad hoc analysis. Would a shift toward real-time financial statements make the financial information more or less reliable

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