How do you distinguish between Financial Reporting for GAAP, and full Disclosure.

Critically discuss, and provide examples of the role and responsibility a senior company advisor with regard to: Financial objectives Financial strategy and policy development The investment decision The financing decision The dividend decision

The corporate disclosure practice will help all the stakeholders to understand and measure businessoperation. Annual financial statement and particularly income statement is one of the most important ones.However, a company's reported profits will be impacted by different factors, including when particulartransactions and events are recognized and how such transactions and events are measured.Requirement:1) Using earning management concept, discuss why the timing of recognizing events that impactincome, revenue or profit, or expenses are important for managers?

Which statement is correct:   Select one: a. Management accounting’s focus and emphasis is on past-oriented reports. b. The purpose of financial information in management accounting is to communicate organization's financial position to investors, banks, regulators, and suppliers. c. All statements are correct. d. Management accounting focuses on measuring, analyzing, and reporting financial and nonfinancial information to help managers estimate future revenue, costs, and other measures to forecast activities and formulate strategies to increase the competitive advantage of the organization. e.   In management accounting, rules of measurement reporting require financial statements, e.g. prepared for the budgeting purpose, to be prepared in accordance of GaAAP.