Accounting in general can be defined as an information system that provides reports to stakeholders about the economic activities and condition of a business. The financial accounting can be defined as the reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis. While the managerial accounting can be defined as the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of …showed first 75 words of 1287 total…

…showed last 75 words of 1287 total…well as favorable information and professional judgments or opinions. <Tab/>Refrain from engaging in or supporting any activity that would discredit the profession. Objectivity Management accountants have a responsibility to: <Tab/>Communicate information fairly and objectively. <Tab/>Disclose fully all relevant information that could reasonably be expected to influence an intended users understanding of the reports, comments and recommendations presented.