Do companies still need a general ledger

Reference no: EM131356700

1. Why is XBRL so important to efficient Web-based business reporting?

2. Do companies still need a general ledger if they have an enterprise system? Why or why not?

3. "Published financial reports are useless as an investing tool because they are so out of date." Do you agree? Why or why not?

Reference no: EM131356700

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