Examlex
Match the following prefixes with their meanings:
-after
Managerial Accounting Reports
Internal financial reports that provide managers with the necessary information to make informed business decisions, typically focused on future profitability and efficiency.
Subunits
Subunits refer to smaller, separately identifiable parts of a larger organization, which can be departments, divisions, or subsidiaries, each responsible for distinct functions or regions.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.
GAAP
Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction, particularly in the United States.
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