Q: 3-Management accounting is: a. Finance oriented b. Future oriented c. Communication oriented d. Past…

A: Management accounting is future-oriented as it helps in planning and decision making for future.

Q: advantages of financial accounting

A: Answer are as follows

Q: ACCOUNTING THEORY DEFINED AND EXPLAINED

A: Introduction: Accounting is maintaining records of financial events and transactions that occur in a…

Q: How does management accounting differ from financial accounting?

A: State the way in which the management accounting differs from financial accounting:Accounting is an…

Q: 1)What isCharacteristics of management accounting ?

A: Management accounting is a form of accounting system which is useful for management of the…

Q: 8- Which among the following is a tool of management accounting? a. Risk analysis b. All the…

A: Management accounting refers to the managing of the operations of the business. It is basically…

Q: Identify and explain the trends in managerial accounting?

A: Managerial accounting is a accounting system which identify, interpret and measure the analysis of…

Q: why it is important finance majors to learn accounting?

A: Financial accounting refers to the process in which all business transactions are to be recorded,…

Q: Question 6  Discuss the difference between Financial Accounting and Management Accounting  and…

A: Financial Accounting is a art of recording, Classifying, summarising, analysing, interpreting and…

Q: plain how accounting influence

A: The term "accounting influence" describes how several facets of financial reporting,…

Q: Mention the branches of accounting from the following. a. Cost accounting b. Financial accounting c.…

A: Branches of accounting 1 Cost accounting 2. Financial accounting 3. Management accounting

Q: explain the similarities and differences between financial and management accounting. discuss any…

A: Financial accounting is the practise of recording earnings, outlays, assets, and liabilities that…

Q: Explain how accounting influence your personal decision making?

A: Accounting can have a significant influence on personal decision making in several ways. Here are…

Q: Describe the conceptual framework of financial accounting.

A: Conceptual Framework: A conceptual framework is a logical presentation of interrelated objectives…

Q: Define different accounting principles with examples?

A: Accounting principles are the standards, concepts, fundamentals, guidelines, and rules that…

Q: Management accounting focuses primarily on providing data for: Oa. internal uses by managers Ob.…

A: There are different types of accounting such as financial accounting, management accounting, cost…

Q: What is the distinction between accounting and business administration?

A: Here is the Answer

Q: Discuss five major differences between financial accounting and managerial accounting. How do…

A: Accounting: Accounting includes Book keeping and analysis, interpretation of business transactions.

Q: Discuss TWO (2) impacts of technological advancement on the management accounting practice.

A: The technology has grown at a faster pace over the past few years. Access to swift software that…

Q: Define strategy in accounting?

A: Strategic management accounting refers to the managing and analyzing finances of company which help…

Q: management accounting and financial accounting distinctions

A: Managerial accounting is the accounting used by managers and other internal users to make corporate…

Q: Describe the difference between financial accounting and managerial accounting, highlighting their…

A: Financial Accounting: Financial accounting is a branch of accounting that focuses on the recording,…

Q: Differentiate broadly between financial accounting and managerial accounting.

A: Financial accounting:Financial accounting is the process of recording, summarizing, and reporting…

Q: Who enforces requirements regarding financial products and services? A. CCA B. ACCC C. ASIC D. ACL

A: The financial market is a constantly developing and growing market in which there are several…

Q: Explain in detail for the following with your own examples. a. Scope of Management Accounting b.…

A: a. Scope of Management Accounting Management accounting is the process of collecting, analysing, and…

Q: Is there a distinction between management and financial accounting?

A: Accounting refers to a process through which all day-to-day activities or transactions occurred or…

Q: 4. How the following two constraints related to financial accounting theory affecting organization?…

A: Financial reporting means releasing the financial reports of the company to its shareholders and in…

Q: Main objective of financial accounting

A: Financial Accounting In the financial Accounting the basic process is to record the required…

Q: ing vs Managerial accounting

A: Financial accounting is the process of recording, sum up and reporting a company's business…

Q: Differentiate between accounting and finance

A: Solution:- Accounting :- Accounting may be defined as "Accounting" is the process of measuring,…

Q: a. What are the techniques that are commonly used in Management accounting?

A: Management Accounting :— Management Accounting are also known as cost accounting of Management…

Q: Setting accounting standards by the private sector is Select one: a. Independent discipline approach…

A: Accounting standards refer to the rules, policies, and practices used or followed to record…