Fndh 426 exam 1 - Study guides, Class notes & Summaries

What groups typically need financial data and for what? - Owners- track investments Board of Directors- effectiveness of managers Managers- assess daily and long term ops Creditors- lend Independent review of accounting records - auditing determination and control of cost - cost accounting reporting transactions for an organization and preparing various reports from these records - financial accounting using historical and estimated financial data to assist in daily operations and in p...