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Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be
Complete the following statements with one of the terms listed here. You may use a term more than once, and some terms may not be used at all.
a US companies must follow GAAP or International Financial Reporting Standards, IFRS, in the case of companies
headquartered in many countries outside of the United States in their
systems.
b Financial accounting develops reports for external parties such as
and
c When managers evaluate the company's performance compared to the plan, they are performing the
role of management.
d
are decision makers inside a company.
e
provides information on a company's past performance to external parties.
f
systems are not restricted by GAAP or International Financial Reporting Standards, IFRS, in the
case of companies headquartered in many countries outside of the United States but are chosen by comparing the costs
versus the benefits of the system.
g Choosing goals and the means to achieve them is the
h
systems report on various segments or business units of the company.
i
statements of public companies are audited annually by CPAs.
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