Author Question: Which of the following is a difference between financial accounting and managerial accounting? A) ... (Read 73 times)

Sufayan.ah · **on:** Jul 14, 2018

Which of the following is a difference between financial accounting and managerial accounting?
A) Financial accounting is designed to meet the needs of company managers, whereas managerial accounting provides stockholders with information about the overall financial performance of a firm.
B) Financial accounting provides accounting information exclusively to government agencies, whereas managerial accounting is designed to specially meet the needs of suppliers and creditors.
C) Financial accounting provides stockholders with information about the overall financial performance of a firm, whereas managerial accounting is designed to meet the needs of company managers.
D) Financial accounting provides company accounting information for public consumption, whereas managerial accounting provides stockholders with information about the overall financial performance of a firm.

Question 2

Genetech, a biotechnology firm engaging in the new field of genetic engineering, has asked your advice about remaining independent and temporarily gaining access to the marketing and manufacturing expertise it lacks from another firm. You would suggest
A) forming a limited-liability company.
B) forming a joint venture.
C) forming an S-corporation.
D) merging with a company with the necessary expertise.
E) starting a cooperative.