Define gaap and its needs in financial decision-making also, Financial Management

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Define gaap and its needs in financial decision-making also

ANSWER ALL THE FOLLOWING ESSAY QUESTIONS:

1. Define GAAP and its needs in financial decision-making. Also discus five important accounting principles?

2. Discuss the primary role of the financial system in the economy and describe the two basic ways in which fund transfers take place?

3. What are common-size financial statements and how are they prepared?

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Financial Management: Define gaap and its needs in financial decision-making also

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Financial Management: Define gaap and its needs in financial decision-making also

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