Solution-Managerial accounting vs financial accounting

Managerial accounting vs financial accounting

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Reference no: EM13533134

Managerial accounting vs. financial accounting

Managerial and financial accounting differ in many aspects.

Requirement

1. For each of the following, indicate whether the statement relates to managerial accounting (MA) or financial accounting (FA):

a. Helps investors make investment decisions.

b. Provides detailed reports on parts of the company.

c. Helps in planning and controlling operations.

d. Reports must follow generally accepted accounting principles (GAAP).

e. Reports audited annually by independent certified public accountants.

Reference no: EM13533134

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Managerial accounting vs financial accounting

Reference no: EM13533134

Reference no: EM13533134

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Cost Accounting Questions & Answers

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