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Managerial Chapter 1 (Internal Users (Financial Statements (Cash Flow…

- - - - liquidity
    - - financial health
    - - measures financial success
- - - - Improve ability to predict future?
    - - Confirm or disconfirm prior expectations
    - - Info should be on time
  - - - should faithfully represent what it claims to be
    - - should be supported by objective evidence
    - - info is free from error and bias