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All the following are differences between financial and managerial accounting in how accounting information is used except to
a. plan and control company's operations.
b. decide whether to invest in the company.
c. evaluate borrowing capacity to determine the extent of a loan to grant.
d. All the answer choices are correct.
all the following are differences between financial and managerial accounting in how accounting information is used except to:-
d. All the answer choices are correct.
All the following are differences between financial and managerial accounting in how accounting information is used...
What are the differences between the financial and managerial accounting? Discuss. Financial accounting is a language used for communicating financial information that helps users make better economic decision. Discuss. What is meant by the accrual basis of accounting? Discuss. What are the differences between sole proprietorship, partnership, and corporations? Financial accounting information should have some characteristics in order to enhance the decision making. Discuss. Discuss how the choice of depreciation method can be used as a tool to increase reported...
Which of the following is a difference between managerial and financial accounting? A. Managerial accounting reports non-monetary information whereas financial accounting reports both monetary and non-monetary information. B. Managerial accounting prepares reports monthly whereas financial accounting prepares reports annually. C. Managerial information is confidential whereas financial accounting information is publicly available. D. Managerial accounting is used by government authorities whereas financial accounting is used by stockholders.
List 3 differences between financial and managerial accounting.
What are the major differences between managerial and financial accounting?
For each of the following users of financial securing information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both 1. 2. Financing omation Managerial courting information Financiering information 3. 4 Reporter from The Wall Street Journal Regional division managers Portwestors Bookkeeping Department Manager of the Service Department Wala analyst Division contre Stax agency auctor Extems auditor puble scoring firm Loan officer at the company's bar Mararicoring information Francong information...
Assignment Questions: 1. One of the differences between Managerial Accounting and Financial Accounting is reporting flexibility. Financial reporting is restricted by Generally Accepted Accounting Principles whereas reporting in Managerial Accounting has fewer rules. a) Why is it permissible to violate Generally Accepted Accounting Principles when preparing reports used strictly by company management? b) Should external users always have the same information as internal users? Explain. 2. The United States uses accounting standards developed by the Financial Accounting Standards Board (FASB)...
QUESTION 7 Managers used managerial information for all of the following except a. to support long-term planning decisions b. to analyze the performance of a company's operations c. to evaluate the company's stock performance d. to determine the cost of manufacturing a product
Please list at least 5 major differences between Managerial and Financial Accounting. Include in your discussion who the important players are in each, who is using the information, and what type of information is everyone focused on. Please explain why each type of accounting (managerial and financial) plays an important role in the organization.
Which of the following is the primary focus of financial accounting?A) providing summarized information on operational results to investors and creditorsB) providing highly detailed information on product lines, regions, and divisionsC) providing information to managers to assist in planning, directing and controlling operationsD) providing information that managers need to make operational decisionsWhich of the following statements is true of managerial accounting?A) Managerial accounting information must comply with Generally Accepted Accounting Principles.B) The external stakeholders of a company are the primary...
How are financial statements used to evaluate business activities? What is managerial accounting and how does it help businesses create a competitive advantage? What skills must be developed to evaluate company performance? How are investment and operations alternatives evaluated and selected? minimum of 500 words