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In financial accounting much of what one learns is governed by various rules and principles. The Financial Accounting Standards Board is the organization that sets
In financial accounting much of what one learns is governed by various rules and principles. The Financial Accounting Standards Board is the organization that sets all of the accounting rules and principles. These are called Generally Accepted Accounting Principles. Do such standards exist with managerial accounting information? Please do some research and see what standards there are for managerial accounting. If there are standards, what are they? If not, do you think there should be? Why or why not?
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