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essay on the following: Financial reports are largely based on historical financial information and are therefore useful in assessing the accountability (stewardship) of management, but

essay on the following:

Financial reports are largely based on historical financial information and are therefore useful in assessing the accountability (stewardship) of management, but of little use to external decision-makers when it comes to allocating scarce resources.

Just need some help in regards to what i need to write for this?

Thankyou

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