You are discussing possible upgrades to your companys financial systems. A new MBA that recently joined the company is suggesting that the management accounting information would be useful and in the interest of full disclosure should be provided to all of the companys public shareholders.

1) What would be your response to that suggestion?

2) What connection if any should there be between a companys GAAP financial reporting and the data and systems that support it and the data and systems that would support the companys management accounting?