need example 12 answered A,b,C

Accounting LO1-4 EXERCISE 1.10 Management Accounting Information C. Is the same accounting information likely to be equally useful to you in the W e rent roles? Internal accounting information is used primarily for internal decision making by an enterprise management. a. What are the three primary purposes of internal accounting information? b. Which of these is the most general and which is the most specific? c. Give several examples of the kinds of decisions that internal accounting information support LO1-6 EXERCISE 1.11 Accounting Organizations LO1-5 EXERCISE 1.12 Purpose of an Audit Describe which professional organization(s) would most likely be of greatest value to you if you position involved each of the following independent roles: a. Accounting educator. b. Management accountant. c. Certified public accountant. Audits of financial statements are an important part of the accounting process to ensure integrity in financial reporting. a. What is the purpose of an audit? b. As an external user of accounting information, what meaning would you attach to an audit that concludes that the financial statements are fairly presented in conformity with generally accepted accounting principles? c. Would your interest in investing in this same company be affected by an auditor's report that concluded the financial statements were not forly presented? Why or why not? 1-5 ERCISE 1.13 Hits of Financial tements The annual financial statements of all large, publicly owned corporations are audited. a. What is an audit of financial statements? b. Who performs audits? c. What is the purpose of an audit? RCISE 1.14 es and Professional ment Ethical conduct and professional judgment each play important roles in the accounting process. a. In general terms, explain why it is important to society that people who prepare accountin, information act in an ethical manner. b. Identify at least three areas in which accountants must exercise professional judgment ratly than merely relying on written rules