How Would XBRL GL Be Used for Internal Uses Such

question 50

Essay

How would XBRL GL be used for internal uses such as management accounting?

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Definitions:

Project Analysis

is the process of evaluating the viability, feasibility, and profitability of a proposed project through various methods including financial analysis, risk assessment, and market research.

Account

A record that keeps track of financial transactions for a specific purpose, such as savings, checking, or investment dealings.

Tax Shield Approach

A method to reduce taxable income through allowable deductions, reducing overall tax liability.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on its income.