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Indicator 2.02 Acquire a foundational knowledge of accounting to understand its nature and scope.
Characteristics of useful financial information Credible Transparent Timely Understandable Comparable Reliable
Describe the usefulness of financial information in identifying trends
How managers use financial information In planning strategies Executing strategies Feedback from execution of the strategy
Usefulness of financial information in contracts
Analysis of financial data aids in understanding accounting treatment
How analysis of financial data aids in verifying information
How analysis of financial data aids in determining variance
How analysis of financial data guides financial decision-making
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© Prentice Hall, © Prentice Hall, ObjectivesObjectives 1.A definition of planning and an understanding of the purposes of planning.
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