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Author Question: Which of the following is a key difference between financial accounting and management accounting? (Read 38 times)

acwiles

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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.
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Marked as best answer by acwiles on May 9, 2022

MistyHubbard

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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.
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acwiles

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Reply 2 on: May 9, 2022
Great answer, keep it coming :)

brbarasa

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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