What is the difference between tax accounting and managerial advisory services?
What will be an ideal response?
Answer: In tax accounting, the CPA concentrates on preparing tax returns and doing tax planning; however, when he or she provides management advisory services, specialized accounting services are provided to help business managers resolve various kinds of problems.
Explanation: Tax accounting focuses specifically on tax preparation and tax planning, with the goal of minimizing a firm's taxes to the extent legally allowed. Managerial accounting has a wider scope and is concerned with preparing accounting information and analyses for decision makers within an organization.
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Indicate whether the statement is true or false
Briefly describe the subordinate structures of representative office, an agent, and a branch
What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false
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