2023 No Plagiarism Assignment Details Financial statements are the primary means of communicating financial information to users It is important | Assignments Online
2023 No Plagiarism Assignment Details Financial statements are the primary means of communicating financial information to users It is important | Assignments Online
Assignments Online 2023 Business Finance
No Plagiarism
Assignment Details
Financial statements are the primary means of communicating financial information to users. It is important to have a firm understanding of the income statement, balance sheet, and statement of cash flows. Managers will make decisions daily that will have an effect on the elements of the accounting equation: Assets = Liabilities + Owners’ Equity. Managerial accounting reports use these same financial statements but also incorporate non-financial information that will assist internal users in making strategic and tactical decisions. For this reason, it is important for you to understand how decisions will affect the accounting equation.
The following spreadsheet is for Manhattan Family Dentistry on January 1 of the current year.
Based on the information downloaded below (attached balance sheet). What non-financial information could be requested for a managerial report to be used for internal decision making?
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