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 120 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

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Flower part number is a characteristic difference between monocots and eudicots Flower part number is a characteristic difference between monocots and eudicots
Rules of Impression Management Rules of Impression Management
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Developing Management Skills Developing Management Skills
International Business Management International Business Management
Accounting Information Systems, 4th Edition Accounting Information Systems, 4th Edition
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library