Nature of financial statements and managerial reports


You have been hired to give an informational presentation to a group of small business owners with no accounting or finance knowledge. Prepare a 700-1,050-word report in which you do the following:

a. Identify the audiences, purposes, and natures of financial statements and managerial reports.

b. Explain the use of financial accounting information in making informed and ethical business decisions.

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Accounting Basics: Nature of financial statements and managerial reports
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