68. Which is correct with regards to the financial and managerial accounting? * Financial accounting focuses on financial projections while managenal accounting focus on manager's historical reporting O Both managerial and financial accounting must abide on the provisions of relevant IFRSS O Managerial accounting is generally required by the securities and exchange commission The GAAP is applied consistentiy to financial accounting but not on managerial accounting
68. Which is correct with regards to the financial and managerial accounting? * Financial accounting focuses on financial projections while managenal accounting focus on manager's historical reporting O Both managerial and financial accounting must abide on the provisions of relevant IFRSS O Managerial accounting is generally required by the securities and exchange commission The GAAP is applied consistentiy to financial accounting but not on managerial accounting
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:68. Which is correct with regards to the financial and managerial accounting? *
Financial accounting focuses on financial projections while manageral accounting focus on manager's
historical reporting
Both managerial and financial accounting must abide on the provisions of relevant IFRSS
Managerial accounting is generally required by the securities and exchange commission
The GAAP is applied consistently to financial accounting but not on managerial accounting
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