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Please read the e-textbook on Managerial Accounting Basics (pp.643 - 646, indicated as page 304 - 305 in VitalSource) and answer the following question. Managers

image text in transcribed Please read the e-textbook on Managerial Accounting Basics (pp.643 - 646, indicated as page 304 - 305 in VitalSource) and answer the following question. Managers explain and voluntarily disclose the forecasted financial information to the external financial users at the beginning of the period. The purpose to provide the forecasted financial information is to help the external investors interpret managers' forecasted earnings by examining the profitability of the firm when the investors forecast the earnings and make investment decision. Discuss the extent to which you agree/disagree with that trend? You should support your reasoning with example(s)

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