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DK Essential Managers: Understanding Accounts by Stephen Brookson

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Benefiting from Management Accounts

The fact that management accounts need not follow any rules makes them usefully flexible but more open to error. Recognize the uses and drawbacks of internal accounts and how you, as a manager, can improve the information they contain.

DK Remember that management accounts lack standardized rules.
DK Understand the purpose and use of management accounts.

Understanding management accounts

Prepared and distributed internally within an organization, management accounts are governed by the needs of managers. They are ...

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