Private accounting, as a sub-discipline of accounting, includes: Select one: a. Management Accounting b. Managerial advisory services c. Tax consultancy d. External auditing Accounting aims to communicate financial information to investors only. Select one: a. False b. True Accounting is the language of business. Select one: a. True b. False

Private accounting, as a sub-discipline of accounting, includes: Select one: a. Management Accounting b. Managerial advisory services c. Tax consultancy d. External auditing Accounting aims to communicate financial information to investors only. Select one: a. False b. True Accounting is the language of business. Select one: a. True b. False

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 8Q: What are the key differences between financial accounting and managerial accounting?

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Similar questions

What are the key differences between financial accounting and managerial accounting?
Private accounting as a sub-discipline of accounting, includes: Select one: a. Tax consultancy b. Management accounting c. Management advisory services d. External auditing Person who manages all of a firm's accounting activities. Select one: a. Controller b. Accounting staff c. Payroll manager The basic function of financial accounting is to Select one: a. Record all business transactions b. Interpret financial data c. Assist the management in performing functions effectively d. No correct answer
Management accounting provides economic and financial information for external users such as shareholders, creditors and banks. Select one: True False
Financial accounting provides information for managers and other internal users. Select one: True False
True or False: Financial accounting primarily serves the external users of the business, such as management, employees, and owners, who use financial accounting information to make decisions. Select one: True O False
financial accounting focuses on providing information to internal users , is it true or false ?
The area of the accounting profession that deals with providing information to meet the needs of the internal decision-makers. Select one: a. Auditing b. No correct answer c. Financial Accounting d. Management Accounting Which of the following statements are true? Select one: a. Both II & III b. Statement I: External analysis depends entirely on issued financial.Statement II: Interpretation and analysis both are different.Statement III: Financial analysis covers interpretation. c. Both I and III d. Both I & II e. I, II, III Which of the following statement is not true? Select one: a. A non-CPA may be the chief accountant of a business enterprise. b. A non-CPA may be engaged in Public accounting. c. To be a good accountant, one must have mastery of mathematics. d. A non-accounting graduate may work as a bookkeeper or accountant or accountant of a business enterprise.
information used in the financial accounting and management accounting Accounting Education Cost Accounting a. b. Tax Accounting Auditing One of the differences of financial accounting from management accounting C. d. 2. Financial accounting are beneficial to external users only. Financial accounting can be used by internal users only. Financial accounting produces reports known as the financial statement d. a. b. C. Financlal accounting, unlike management accounting, primarily aims help managers in their decision-making. The definition of government accounting came from 3. a. Section 109 of Presidential Decree 1446 b. Section 109 of Presidential Decree 1445 Section 110 of Presidential Decree 1445 d. Section 110 of Presidential Decree 1446 Information produced by this branch of accounting aims to educate students the field of accountancy 4. Accounting Education Accounting Research a. b. C. Financial Acrnuntin arch
What is meant by "financial accounting" and "management accounting"? What is the difference between the two disciplines?
Differentiate between Financial Accounting and Management Accounting. Why doyou think financial reports are subject to regulation, whereas management accountingreports are not?
The primary objective of financial accounting is to provide general purpose financial statements to help external users analyze and interpret an organization's activities. Group of answer choices True False
Which of the following statement is not true? Select one: A non-accounting graduate may work as a bookkeeper or accountant of a business enterprise. O b. A non-CPA may be engaged in public accounting. To be a good accountant, one must have mastery of mathematics. O d. A non-CPA may be the chief accountant of a business enterprise.