Katz Argues That Managers Need Three Essential Skill Sets to Be

question 16

Short Answer

Katz argues that managers need three essential skill sets to be successful, including __________, __________, and __________ skills.

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Definitions:

Financial Statements

Papers that deliver a summary of a company's financial health, featuring the income statement, balance sheet, and cash flow statement.

External Auditors

Independent third-party auditors who evaluate an organization’s financial statements to ensure accuracy and compliance with accounting standards.

Retrospective Adjustment

Adjusting the financial statements of past periods to reflect the application of new accounting policies as if they had been applied all along.

Accounting Principle

Fundamental guidelines or rules that form the basis for financial accounting and reporting practices, aimed at ensuring consistency and comparability.