January 2022
Beginner
448 pages
13h 37m
English
Content preview from Accounting For Dummies, 7th Edition
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Chapter 13
Generating Internal Financial Information for Management Use
IN THIS CHAPTER
Recognizing the managerial limits of external financial statements
Understanding the primary differences between internal and external financial information
Examining the additional information needed for managing assets and liabilities
Identifying the in-depth information needed for managing profit
Providing additional information for managing cash flow
Steering clear of rookie mistakes with internal financial information
If you’re a business manager, we strongly suggest that you read the preceding two chapters before continuing with this one:
- Chapter 11 discusses how a business’s external, nonmanagerial lenders and investors read an external financial report. These stakeholders are entitled to regular financial reports so they can determine whether the business is making good use of their money. ...
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