In a memo to your new assistant, Susan Thompson, Explain to her the differences between financial and managerial accounting. Provide examples of managerial accounting reports that she she could expect to see within EEC, and explain how management might use the information to make decisions.

In a memo to the board of directors, discuss the information found in each of the following financial statements, and describe how accounting informations is used by managers for planning and control: Balance sheet, Income statement, Statement of cash flows and Statement of stockholders’ equity

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