This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a key difference between financial accounting and management accounting? (Read 110 times)

acwiles

  • Full Member
  • ***
  • Posts: 152
on: May 9, 2022
Which of the following is a key difference between financial accounting and management accounting?
◦ Financial accounting is concerned with preparing cost analysis, whereas management accounting is concerned with creating reports.
◦ Financial accounting considers such aspects as profitability, whereas management accounting does not consider profitability.
◦ Financial accounting creates information for outsiders, whereas management accounting is for insiders.
◦ Management accounting is based on historical data, whereas financial accounting is based on real time data.
◦ Accounting knowledge creates information for all stakeholders, whereas management knowledge is used for internal purposes only.
Business in Action ¦ Bovee, Thill ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by acwiles on May 9, 2022

MistyHubbard

  • Full Member
  • ***
  • Posts: 174
Reply #1 on: May 9, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


acwiles

  • Member
  • Posts: 152
Reply 2 on: May 9, 2022
:D TYSM

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Operations Management question Operations Management question
Better land and water management and appropriate crop selection can help eliminate hunger Better land and water management and appropriate crop selection can help eliminate hunger
Management 12e Management 12e
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Data management short answer q Data management short answer q
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library