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Fundamental managerial accounting concepts

Task: Fundamental Managerial Accounting Concepts

Question 1. Explain the effect of undercosting or overcosting on profitability.

Question 2. Explain ratio analysis and their purpose. Do you think that all of the ratio analysis is necessary, if not, please explain.

Question 3. Describe the factors involved in communicating useful financial information. Do you think that most US public companies give full disclosure? Give some reasons why or why not.

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Accounting Basics: Fundamental managerial accounting concepts

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