Financial Accounting | Accounting homework help

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Specify the characteristics of accountants’ liability under common law, and cite a specific case precedent.
True or false? Managerial accounting does not need to conform to GAAP.
True or false? There is no overlap between financial and managerial accounting.
What is the relationship between accounting and other discipline?
True or False: Companies have to follow strict guidelines when designing a management accounting system.
“Cooking the books” is a phrase used by accountants to indicate the preparation of financial statements that are free of manipulation. (True or False)
Describe the role of the professional accounting bodies in the standard-setting process.
What is a CPA and how does someone become one?
Discuss the advantages of understanding accounting. Consider careers in management, sales, business operations, finance, and business ownership.