Managerial accounting is different from financial accounting in that: A)Manageri

Question

Managerial accounting is different from financial accounting in that:

A)Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization.

B)Managerial accounting never includes nonmonetary information.

C)Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

D)Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.

E)Managerial accounting is mainly used to set stock prices.

Explanation / Answer

C)Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

Managerial Accounting is based on assumptions and estimates. Whereas for Financial Accounting Accounting standards are available to prescribe treatment.

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.