A. Briefly distinguish between managerial and financial accounting in terms of (a) the intended users of the information and (b) the purpose of the information.
B. Differentiate between accrual and cash basis accounting.
C. Discuss how the Sarbanes-Oxley Act has increased the importance of internal control to all employees in a company.
D. Describe the role of the Financial Accounting Standards Board
E. What are the four basic financial statements?
F. What are the characteristics of accounting information?
G. What is an auditor’s opinion?
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