true or false

Required Homework Questions Business systems maintain highly granular information about each business transaction through and even after its completion. Managerial accounting books are the the internal records used for the day-to-day management of the business. It is essential for the Financial Analyst to identify and qualify the source of the financial data used. The subsidiary ledger bills the customer for the goods or services received. Companies maintain one set of financial books. The chart of accounts presents accounts in the General, Subsidiary and Managerial Ledgers in a color-coded graphical presentation.SEC requires companies to file a 10-Q at the end of each of the first three quarters of their fiscal year. Financial analysts working for a publicly traded company, regardless of position or management level, are subject to rules about Inside Information. We analyze public financial reports because it is a clean set of data comparable over time and across companies. Inside information can only be learned from a company employee. Management does not release any material information outside of the three major financial documents. The Security and Exchange Commission permits any information to be disseminated as long as it is presented as a 'non-GAAP' financial measure