As a stockholder, you have access to a company's managerial accounting reports True False
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- Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAPWhich of the following groups would have access to managerial accounting information? A. bankers B. investors C. competitors of the business D. managersExplain how managers use the accounting standards to manage company’searnings ?
- Managerial accounting information is generally prepared for a. stockholders. b. creditors. 8. C. managers. d. regulatory agencies.Management accounting is used by A. Internal managers B. Shareholders C. External users D. EmployeesCompare managerial accounting and financial accounting in terms of the following: • types of financial statements prepared • users of these financial statements • timing of activities reported on • compliance with accounting standards
- Managerial Accounting utilizes both financial and non-financial data of a company. Select one: True FalseThe accounting system should provide information for: Select one: O A. Reporting actual performance to managers O B. Strategic decisions O C. Preparation of financial statements O D. All of the above.Give an example of how financial statements can be used internally by themanagers of a company.
- What types of documents are prepared by business organization using financial and managerial accounting?1. Managerial accounting information is generally prepared for _______ a. Tax authorities b. Competitors c. Managers d. Government agenciesDistinguish between managerial and financial accounting in terms of the key consumers of their accounting information, the demands of managers or investors, and the consistency and usage of accounting reports.