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14 Cards in this Set
- Front
- Back
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Financial |
External persons who make financial decisions |
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Financial |
historical perspective |
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Finanical |
emphasis on objectivity and Verifiability |
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Financial |
Emphasis on precision |
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Finanical |
Primary focus is on company wide reports |
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Financial |
Must follow GAAP/IFRS and prescribed formats |
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Financial |
Mandatory for external reports |
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Managerial |
Managers who plan for and control an organization |
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Managerial |
Future emphasis |
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Managerial |
Emphasis on relevance |
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Managerial |
Emphasis on timeliness |
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Managerial |
Focus on segment reports |
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Managerial |
Not bound by GAAP/IFRS or any prescribed format |
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Managerial |
Not mandatory for reports |
