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Topic: Miscellaneous
Number of pages / Number of words: 3 / 610
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The employees might need to understand the importance of the job they are doing in the accounting department to ensure that the financial statements generated are correct and accurate.

Managers need to be able to pull together all the information that the employees have entered and generate the financial statements...


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Managers need to know how to read and understand the information contained in the financial statements. Expenses in certain areas may need to be lowered to maximize profits. In some instances assets may need to be distributed elsewhere in the company to maximize profits. Managers need to have a good understanding of the financial statements to be able to make the business run as smoothly as possible...


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