Examlex
Which activity is not part of the finance function?
Managerial Accounting Reports
Financial documents prepared for internal use by the management, providing insights into the business’s performance, costs, and operations.
GAAP
Generally Accepted Accounting Principles, a set of rules and guidelines provided by the Financial Accounting Standards Board (FASB) for accounting and reporting to ensure consistency and comparability among financial statements.
Historical Data
Information from the past used to analyze trends, forecast future events, or examine outcomes.
Factory Overhead Cost
Manufacturing expenses, except for direct materials and direct labor costs.
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