Which one of the following statements is not correct regarding financial ?accounting and management accounting Both financial accounting and management accounting involve the .use of accounting information Financial accounting needs to follow specific set of rules calledb accounting standards unlike management accounting .a Management accounting reports need to be audited to verify their .c accuracy unlike financial accounting reports which do not need to .be audited Management accounting information emphasize supporting .d decisions that affect the future unlike financial accounting information, which focus on the consequences of past activities of .the organization None of the given answers .e

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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الوقت المتبقی 1:26:18
Which one of the following statements is not correct regarding financial
?accounting and management accounting
Both financial accounting and management accounting involve the
.use of accounting information
Financial accounting needs to follow specific set of rules called b
accounting standards unlike management accounting
.a
si
Management accounting reports need to be audited to verify their
accuracy unlike financial accounting reports which do not need to
be audited
.C
Management accounting information emphasize supporting .d
decisions that affect the future unlike financial accounting
information, which focus on the consequences of past activities of
the organization
None of the given answers
.e
Transcribed Image Text:الوقت المتبقی 1:26:18 Which one of the following statements is not correct regarding financial ?accounting and management accounting Both financial accounting and management accounting involve the .use of accounting information Financial accounting needs to follow specific set of rules called b accounting standards unlike management accounting .a si Management accounting reports need to be audited to verify their accuracy unlike financial accounting reports which do not need to be audited .C Management accounting information emphasize supporting .d decisions that affect the future unlike financial accounting information, which focus on the consequences of past activities of the organization None of the given answers .e
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