Over the last 50 years the financial reporting systems havedramatically changed and will continue...

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Accounting

Over the last 50 years the financial reporting systems havedramatically changed and will continue to change as the financialworld faces changes such as globalization, changing regulations andthe increased use of technology. The accounting profession must beready to not only face these changes but to also adapt to them,providing relevant and reliable information to the many internaland external users of financial and managerial accountingreports.
It is important to understand the difference between managerialand financial accounting reports.
You are the chief executive officer of a multinationalcorporation that operates wholly owned subsidiaries in severalcountries. One of the company’s manufacturing plants is located inEurope. As CEO, respond to the following questions in 400-600words:
What types of internal and external accounting reports will youuse in the process of making decisions?
How will the reports differ for a multi-nationalcorporation?

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The following are the various types of internal and external accounting reports which i would use as CEO in the process of making decisions 1 Balance Sheet 2 Income Statement 3 Budget reports 4 Account Receivable Aging Reports 5 Cost Managerial Accounting Reports See Answer

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In: AccountingOver the last 50 years the financial reporting systems havedramatically changed and will continue to...Over the last 50 years the financial reporting systems havedramatically changed and will continue to change as the financialworld faces changes such as globalization, changing regulations andthe increased use of technology. The accounting profession must beready to not only face these changes but to also adapt to them,providing relevant and reliable information to the many internaland external users of financial and managerial accountingreports.It is important to understand the difference between managerialand financial accounting reports.You are the chief executive officer of a multinationalcorporation that operates wholly owned subsidiaries in severalcountries. One of the company’s manufacturing plants is located inEurope. As CEO, respond to the following questions in 400-600words:What types of internal and external accounting reports will youuse in the process of making decisions?How will the reports differ for a multi-nationalcorporation?